Crude Oil Rises as OPEC Ministers Call for a Production Cut
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Crude oil rose for a second day on speculation that the Organization of Petroleum Exporting Countries will call for a production cut at a meeting tomorrow.
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Oil prices rose more than $1 a barrel yesterday after an attack on an oil facility in Iraq and after Saudi Arabia's oil minister said OPEC might decide to cut output again when it meets next month.
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Oil prices rose for the second day in a  row on Thursday as several OPEC ministers called for the cartel  to stop producing more oil than its official target to prevent  a glut next year.
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U.S. crude oil climbed above $60 a barrel for the first time in a month on Friday, extending a gain of $2 a day earlier, amid signs of falling crude exports from producer group OPEC.
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Crude oil was little changed after rising for a second day yesterday on speculation that the Organization of Petroleum Exporting Countries will call for a production cut at a meeting today.
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Oil edged up above $63 a barrel on Monday as two OPEC members trimmed production in an effort to tighten swollen supplies and halt a slide in prices.
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London - Crude oil prices yesterday rose from a three-month low on disruptions to supplies from Nigeria and Norway and comments by Opec officials that output from the oil producers&#39; cartel might be reduced.
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Oil gained nearly $1 to trade above $62 a barrel on Thursday after OPEC decided to cut its output by 2 percent starting in February.
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NEW YORK, September 3 (New Ratings) - Oil prices climbed yesterday on the news that Yukos Oil has issued a warning of a production cut.
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Nervous OPEC oil producers on Wednesday  sized up how fast this week's ministerial meeting should rein  in a supply surge that has helped drag crude prices down by a  quarter in barely six weeks.
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Oil prices rise on speculation that producer cartel Opec may unveil  cuts in output at its December meeting.
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Organization of Petroleum Exporting Countries (OPEC) ministers agreed to increase the cartel&#39;s official daily production quota by one million barrels.
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Crude oil futures rose above $42 a barrel Wednesday after government data showed an increase in US fuel supplies. Traders were also focused on an upcoming OPEC meeting at which the group could trim output in response to falling prices.
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Oil prices rose to near $63 a barrel   on Friday, after BP Plc shut in output at an oil field in   Alaska and OPEC members Nigeria and Venezuela pledged to cut   production.
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Oil prices rally as the president of Opec says the producers group is considering a cut in output.
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Oil prices climbed above $41 a barrel  on Monday after Saudi Arabia cut January crude deliveries to  clients in Asia, confirming that the top exporter was adhering  to OPEC's agreement last week to curb excess supply.
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NEW YORK, December 6  - Oil prices increased today on fears of the announcement of an output cut by the OPEC during its meeting scheduled for later this week.