Oil bounces off 5-month low ahead of data
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Oil prices slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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U.S. oil prices hovered near $47 a  barrel on Wednesday, awaiting data that was expected to show a  big drop in fuel stocks in the United States due to  weather-related disruptions to output and shipments.
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LONDON - World oil prices ticked up from a three-month low on Monday as traders looked for Opec to take action to stem a slide which knocked 14 per cent off crude prices last week.
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Crude oil prices hovered nearly five  percent below a 21-year high Monday, lifting most Asian shares  and giving investors some respite from concerns that energy  costs would choke off profits and economic growth.
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Oil prices slid to a five-week low on  Friday, continuing a downturn that has slashed almost 13  percent from record highs as rising stockpiles have eased  worries of a winter supply crunch.
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European equities flirted with 5-month  peaks as hopes that economic growth was sustainable and a small  dip in oil prices helped lure investors back to recent  underperformers such as technology and insurance stocks.
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Oil hit a fresh five-month low on Friday   after U.S. fuel supplies rose and BP said it might fully   restore the largest U.S. oilfield sooner than expected.
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Asian shares shrugged off record oil prices on Wednesday to hit five-month highs as key technology issues cheered resilience in their U.S. peers, but concern about the impact of high energy costs on firms' profits capped gains.
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Oil prices held steady on Thursday as data showing stubbornly low US heating fuel supplies ahead of winter stemmed a rout of nearly $10 since late October.
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Oil prices fell to their lowest in five  months before steadying on Thursday, pausing from a three-day  decline as dealers zeroed in on healthy U.S. inventories  heading into the mild autumn demand season.
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The dollar was under pressure again  Monday, snapping last week's rebound ahead of a key week of  U.S. data and Tuesday's meeting of the U.S. Federal Reserve on  interest rates, but European shares got a lift as oil prices  hovered near-five month lows.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long $5 slump ahead of US inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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Oil prices bounced off near six-month  lows on Thursday, giving a fillip to energy stocks such as  Japan's INPEX, while the yen firmed ahead of the Group of Seven  meeting at the weekend.
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Oil prices rebounded to $54 a barrel  on Thursday ahead of U.S. inventory data expected to show tight  heating fuel stocks ahead of winter.
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Crude futures rebounded slightly Tuesday, following a six per cent drop the day before on forecasts calling for warmer weather in the US, which eased worries about tight supplies of winter fuel.
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Oil prices held near $45 on Wednesday  after the U.S. government said that crude stocks shrank to a  five-month low last week as refineries ran hard to meet demand.