Oil rebounds on tensions in Iran, Nigeria
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Oil prices recovered to above $93 a barrel on Monday, after declining for the past three sessions, as violence in Nigeria and tensions in Iran countered worries of economic downturn in the United States.
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Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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Crude oil rose from a three-month low on disruptions to supply from Nigeria and Norway and after OPEC members said they may need to cut output after prices plunged.
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Oil rose to $71 a barrel on Friday, near a nine-month high, as a strike in Nigeria threatened more of the country's output and Iran remained defiant over its nuclear program.
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Oil prices rebounded from an eight-month low on Wednesday after violence flared up between militants and government troops in oil exporter Nigeria.
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Oil rose on Thursday on falling U.S. crude stocks and mounting geopolitical tensions after the killing of Pakistani opposition leader Benazir Bhutto.
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Oil prices rose on Thursday,   recovering from a near $4 fall in two days, fueled by signs of   prolonged talks over Iran and an unexpected sharp rise in   already bulging U.S. fuel inventories.
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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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Crude oil in New York approached $70 a barrel for the first time since September after Nigerian unions planned a strike this week, threatening supplies from Africa's biggest oil producer.
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LONDONâ OIL prices rebounded yesterday after falling sharply last week on receding supply worries, buoyed by jitters over this weekâs OPEC meeting and last weekendâs seizure of four flow stations in Rivers State, Nigeria by militant youths.
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Oil rose above $96 a barrel on Monday,  lifted by mounting political instability in Pakistan and  growing tensions between Iran and the United States over  Tehran's nuclear ambitions.
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Oil prices surge over $76 barrel amid growing concern that unrest in Nigeria will damage exports.
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Oil futures have jumped to their highest closing on record on the New York Mercantile Exchange, rising 76 US cents to $US49.64 dollars a barrel, as unrest in Nigeria and Saudi Arabia alarmed traders.
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Oil prices rose more than half a   percent on Thursday as Iran looked set to defy the United   Nations' deadline for halting nuclear enrichment, raising the   risk of sanctions against the world's fourth-biggest exporter.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and Saudi Arabia, OPEC's top producer, said it is making good  on a pledge to cut output.
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Oil rose towards $60 a barrel on Friday, drawing strength from a disruption to supply in Nigeria and as a fall in the U.S. dollar boosted other commodities.