Oil recovers above $79
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Oil shrugged off early losses to rise above $79 a barrel on Monday, within sight of its record high, as the market focused on a Federal Reserve meeting that is widely expected to cut interest rates.
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Oil prices hit $77 a barrel for the first time in 11 months on the back of supply concerns and speculative buying.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence that energy costs are not  substantially slowing the economic growth that fuels oil  demand.
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Oil prices rebounded toward $58 on Thursday after freezing weather cut fuel stocks in the world's top oil consumer, the United States and as buyers re-emerged following a 2 percent sell-off the previous day.
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Oil turned higher again on Tuesday after retreating from record highs in response to concerns about the U.S. economy and further indications OPEC has already substantially raised oil output.
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Oil hit a record high above $79 a barrel  on Wednesday, propelled by an unexpectedly large drop in U.S.  crude oil stocks that coincided with only a small output  increase from OPEC ahead of peak winter demand.
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Crude oil prices were back at the $49-a-barrel level Monday, after a one-day bounce Friday. The benchmark US crude was off 54 cents at $49.
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Oil prices jumped to fresh historic highs on Monday, breaching 93 dollars for the first time on mounting concerns about tight energy supplies worldwide, analysts said.
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Oil held above $61 on Tuesday after   rebounding from a six-month low as speculators fear a deepening   fall could prompt OPEC to rein in output.
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Oil prices struck a fresh record just  under $49 a barrel on Thursday, spurred higher by renewed  violence in Iraq and fresh evidence that strong demand growth  in China and India has not been slowed by higher energy costs.
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Oil rebounded on Tuesday after  falling nearly 3 percent a day earlier, as the specter of a  recession in the United States haunted traders who fear it will  diminish oil demand from the world's biggest consumer.
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Oil rebounded by more than $1 to over   $64 on Monday as buyers emerged after a steep slide and BP   announced that production from its giant Thunder Horse oil   platform in the Gulf of Mexico would be delayed to 2008.
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Oil prices reach a fresh high above $98 a barrel but fall back on higher-than-expected US crude supply figures.
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Oil hit a fresh record high of &#36;75.70 a  barrel on Friday after a U.S. government report showed strong  fuel demand in the world&#039;s top oil consumer.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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Oil bounced back above $70 a barrel on   Wednesday, recovering from a 10-week low, as traders   anticipated Iran would fail to meet a looming U.N. deadline to   halt its atomic fuel program.
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Crude oil prices rebounded Friday after declining over the past week as traders worried about supply disruptions in Iraq and Nigeria.