Oil drops as Iran concerns ebb
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Oil fell more than a dollar to less than $68 a barrel yesterday, pulled lower by expectations that any sanctions against oil producer Iran were in the distance and would not necessarily disrupt export flows.
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Oil prices rose Tuesday as Iran dashed hopes of a breakthrough in talks with the European Union about its nuclear program.
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Oil steadied near $93 a barrel on Monday after three sessions of losses, as violence in Nigeria and tensions involving Iran countered worries oil demand could be hit in a global economic downturn.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to under $64 a   barrel after Iran sounded a softer note on its atomic program   and OPEC agreed to keep production steady for now.
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Iran backed down in the face of fierce international pressure on Friday and dropped a demand for changes to a key agreement designed to reassure the world that Tehran does not want nuclear weapons, Western diplomats said.
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Oil prices fell heavily on Monday, taking US crude below $50 on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that helped fuel this year&#39;s record-breaking rally.
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Oil held steady on Monday after   tumbling below $70 as dealers expected several weeks of   inaction on Iran's nuclear dispute with the West.
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Oil dropped more than two dollars on Friday, weakened by selling in equity markets that raised doubts over energy demand and after a storm that halted exports from Oman lost power.
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Oil prices firmed above $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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Oil prices fell sharply on Monday on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year&#39;s record-breaking rally.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil fell below $69 a barrel on Monday,   pulled lower by expectations any sanctions against oil producer   Iran were a way off and would not necessarily disrupt export   flows.
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Oil prices slid to fresh six-month lows   on Wednesday on rising winter fuel stocks and waning concern   over Iran, but the world's largest exporter Saudi Arabia   signaled the market may have fallen enough.
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Oil prices slipped under $66 on  Monday, adding to last week's slide on an improved U.S. supply  picture and signs of easing tension over Iran's nuclear  program.
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Oil was steady on Tuesday after new supply disruptions in Nigeria and renewed geopolitical concerns about Iran rekindled supply worries, offsetting growing talk of a U.S. recession that would hurt oil demand.
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Oil prices firmed on Monday after a   slide under $70 as dealers braced for several weeks of inaction   on Iran's nuclear dispute with the West.
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Crude oil prices fell to a 15-week low in New York yesterday as the U.S. summer travel season ended and traders speculated that a dispute with Iran about nuclear research may be resolved without curtailing exports.