Oil Eases as OPEC Cut Unlikely
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Oil prices eased on Friday as OPEC  looked set to keep output unchanged at its meeting this  weekend, although concern ahead of Sunday's election in Iraq  limited the fall.
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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  loan out crude from its strategic petroleum reserve after  Hurricane Ivan sliced into supplies.
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Oil prices held just below &#36;48 a barrel on Tuesday, as the market remained nervous that OPEC producers may cut supplies before the end of the first quarter.
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Oil prices were steady near $61 a barrel on Wednesday after hitting a two-week low amid disagreement among OPEC members over whether to cut output.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to under $65 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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Oil prices fell on Monday, extending the  previous session&#39;s decline, after remarks by oil producer group  OPEC that it was concerned about the potential impact of high  oil prices on the global economy.
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VIENNA, Austria -- OPEC kept its official production target steady on Monday but left open the possibility of an output cut later this year with a promise to "vigilantly" monitor market conditions that have driven oil prices to five-month lows.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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Oil prices slid on Monday after OPEC  members signaled the cartel could wait until its mid-March  meeting to make any production cuts.
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Oil prices fell again Thursday as worries over supply disruptions eased. New York light sweet crude ended the day just over $43, and OPEC president Purnomo Yusgiantoro said the cartel hoped
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World oil prices continue to remain volatile after the Organization of Petroleum Exporting Countries (OPEC) decided over the weekend to cut production output by one million barrels per day.
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Oil eased below $70 a barrel on Friday   on expectations of a long delay before the United Nations   decides on sanctions against Iran, the world's fourth-largest   oil exporter.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to around $65 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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OPEC may be considering cutting its production to stem the recent steep decline in oil prices.
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Oil prices dipped below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second OPEC supply cut and news of deepening Saudi export curbs.
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: Oil prices searched for direction today, supported by worries of a cold snap in the Western Hemisphere but weakened by selling on the bet that OPEC&#39;s decision to cut production would not end short-term oversupply.
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WASHINGTON -- Oil prices settled above $60 a barrel yesterday on expectations that OPEC would soon cut its output, though a representative of Saudi Arabia denied there was a deal to reduce production.