Oil steady above $62, US fuel stocks support
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Oil steadied above $62 on Thursday, taking a breather from a three-day rally sparked by an unexpected drop in U.S. winter fuel stocks and signs of solid economic growth in the world's top consumer.
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Oil prices held above $75 a barrel on Wednesday as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.
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Oil held above $75 on Wednesday, within sight of an all-time high, as investors balanced tightening U.S. crude stocks against OPEC's reluctance to boost supplies when it meets next week.
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LONDON - Oil prices held strong above $53 a barrel today as worries over a winter supply crunch countered expectations that high fuel costs would curb growth in petroleum demand next year.
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Oil prices held steady above $48 on  Friday as the U.S. government said it would lend refiners crude  from the Strategic Petroleum Reserve (SPR), but traders deemed  the loan too small to have a lasting impact.
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices held firm, close to $47 a  barrel on Wednesday after U.S. data showed the disruption  caused by Hurricane Ivan had eaten into fuel stocks.
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U.S. stocks ended little changed on  Wednesday, but energy shares, including ChevronTexaco Corp.  CVX.N, lent support after crude oil prices jumped above $48 a  barrel.
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Oil prices held firm just above &#36;47 a barrel on Friday, bolstered by a tightening outlook for market fundamentals and sliding U.S. temperatures.
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Crude oil futures steadied at under $46 a barrel Thursday, after healthy US inventory data eased fears about a supply crunch over the Northern Hemisphere winter.
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Oil firmed above $61 on Wednesday as   dealers balanced an expected swelling in robust U.S. winter   fuel stocks against a warning from producer cartel OPEC that it   may take action to stabilize tumbling prices.
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Oil prices edged higher on Thursday   after hitting six-month lows the previous session, but big U.S.   fuel stocks and hopes talks with Iran could avert a crisis over   its nuclear program weighed on sentiment.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier on news U.S. crude stocks sank  to a five-month low last week and distillate fuels barely grew  ahead of winter.
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Oil prices were steady on Thursday after shedding gains made earlier in the week following a massive build in crude stocks in the United States.
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NEW YORK, December 2  - Crude oil futures steadied at under $46 per barrel in early morning trade today, after declining by more than $3 per barrel yesterday on reports of higher-than-expected increases in the US supplies of crude oil
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Oil prices held firm just above $47 a  barrel on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.
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Oil held above $75 a barrel on Wednesday, as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.