Oil Rises Amid Expected U.S. Inventory Decline
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Oil prices rose amid expectations a report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the worldâs largest energy consumer.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Oil prices rose in early trading Wednesday after the government reported that supplies shrank more than expected following production and shipping disruptions caused by Hurricane Ivan.
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Oil rose on Friday on U.S. supply concerns, the slumping dollar and mounting tensions in Pakistan and northern Iraq.
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Oil rose above &#36;71 a barrel on Thursday,  paring an earlier loss, after a smaller-than-expected rise in  gasoline inventories in the United States, the world&#039;s largest  oil consumer.
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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Oil prices bounced higher on Friday following two days of sharp declines that came on the heels of rising inventories of crude in the US and a move by China to cool its economy.
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Crude oil rose on Monday in New York as market concerned that the approach of Hurricane Ivan woulddisrupt production and tankers shipments in the Gulf of Mexico.
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Crude oil futures eased a shade Tuesday in range-bound trade as analysts predicted a weekly US oil inventories report could show a rise in stocks.
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Stock futures rose  on Wednesday,  pointing to a higher market open, before a slew of U.S.  economic data, as oil prices dipped lower ahead of weekly  inventory figures.
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Oil prices edged higher for the second  day on Wednesday ahead of U.S. government data expected to show  a slight decline in winter heating fuel stocks.
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Oil prices edged cautiously higher on  Tuesday, attempting to stem a fall of more than 10 percent in  the last five sessions amid rising U.S. stockpiles and  warmer-than-expected weather.
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Oil prices drifted around $47 a  barrel early on Wednesday, well off recent peaks as traders  braced for another increase in U.S. crude oil inventories.
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Oil fell more than a dollar on Wednesday after U.S. inventory data showed a much bigger-than-expected rise in crude stockpiles.
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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U.S. oil prices rose on Wednesday,  pausing from a losing streak well above $40 a barrel, although  dealers said data on fuel supplies in the United States due  later in the day may trigger a new slide in the market.