Oil steadies at $99, calmer after record rally
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Oil held steady on Friday, hovering at  about $99 a barrel, after falling the day before as traders  took profits from a record rally that saw crude prices spike to  over $100 a barrel.
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Oil held steady on Friday, hovering at about $99 a barrel, after falling the day before as traders took profits from a record rally that propelled crude prices to over $100 a barrel.
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U.S. oil prices were steady on  Thursday, holding gains of nearly $2 from a day earlier after a  U.S. government report showed crude oil stocks falling to their  lowest level in five months.
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Oil slipped on Wednesday after  surging nearly 5 percent to a record above $100 a barrel a day  ago amid an influx of fresh investor capital into the  commodities sector and concerns that OPEC will not hike output  next month.
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Oil prices steadied on Tuesday with concerns over gasoline supply in the United States keeping crude above the $70 mark even as fears eased that a cyclone in the Middle East would disrupt production.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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Oil rallied to a fresh record high above  $92 a barrel on Friday as the dollar tumbled to a record low,  Washington imposed new sanctions on Iran and gunmen shut more  oil production in Nigeria.
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Oil jumped to near $91 a barrel on  Friday, lifted by a broad stock market rally amid optimism  about a U.S. economic stimulus plan aimed at warding off a  recession in the world's top energy consumer.
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Oil prices held firm around $51 per barrel on Wednesday, hovering near record highs amid the sluggish recovery in US Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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Oil held near its lifetime high of $100 a barrel on Thursday, fuelled by expectations of another fall in U.S. fuel stocks and a struggling U.S. dollar.
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Oil companies' shares got a modest boost as crude oil prices touched a record $100 per barrel on Wednesday, but some analysts do not expect that to trigger a rally in energy's biggest names.
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Oil held firm within sight of its new $90 high on Friday as the U.S. dollar plumbed new lows and pre-winter fuel stocks languished below norms, lending support to an over 13 percent surge in under two weeks.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said.
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Oil prices held firm around &#36;51 a barrel on Wednesday, hovering near record highs amid the sluggish recovery in U.S. Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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Oil prices held steady on Tuesday,  supported by anxiety over Middle East and Russian supplies and  forecasts for a chillier first quarter in the United States  after a mild start to the winter.
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Oil held near $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
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Oil hovered near $89 a barrel on Wednesday, attempting to consolidate a nervous recovery after the U.S. interest rate cut.