Oil prices rise in European trading
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Oil prices rose on Monday in choppy trading, reflecting contrasting concerns about political tension in the Middle East and worries that a possible U.S. recession could curb oil demand.
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Oil prices climbed back to $50 on  Tuesday, pushed higher by supply outages in the North Sea and  fears about low stocks of winter heating fuels.
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European stock markets rose strongly in early deals after US and Asian shares saw sharp gains in the wake of plunging oil prices.
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Europeâs largest oil company reported Thursday that fourth-quarter profit rose 60 percent because of the sale of some assets and higher oil prices.
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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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European equity markets were a little higher on Friday as energy stocks rose, offsetting losses for banks, while bid talk helped enliven the session.
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European stocks extended recent gains to 5&frac12;-year highs on Thursday, with miners and oil stocks in the vanguard of the advance as metals and crude prices rose on commodities exchanges.
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1015 GMT (Dow Jones) LONDON--European stocks higher driven by gains for oils and mining stocks. Trader says expiration of derivatives contracts or &quot;triple witching&quot; not having major impact.
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European equity markets were higher in early trade on Friday, supported by resource stocks after strong overnight gains on commodity exchanges.
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Oil and steel stocks helped boost European markets Thursday, with dealers reporting healthy trading volumes in some areas despite Wall Street's closure for the Thanksgiving holiday.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up
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European stock markets climbed in early trading, supported by falling oil prices and some positive corporate results, dealers said.
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Oil prices soared Friday as worries about heating fuel supplies and technical trading factors pushed prices sharply higher.
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Oil prices climbed toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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European equity markets were expected to open higher on Wednesday after blue chips in the US posted their biggest daily gains in four months, however, caution is expected as oil prices turned higher.
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European shares opened higher on Friday, led by oil heavyweights such as BP ahead of an expected decision by OPEC to trim its output.