Oil higher as Iran remains defiant
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LONDON/SINGAPORE  - Oil prices edged higher on   Thursday as Iran looked set to defy the United Nations'   deadline for halting nuclear enrichment, raising the risk of   sanctions against the world's fourth-biggest crude exporter.
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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Oil prices continued to rally on Monday, clawing back more of this months' losses on heightened concerns over low global winter fuel supplies.
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U.S. oil prices edged higher for the  second day in a row on Tuesday amid calls within OPEC to crack  down on excess output at this week's meeting.
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Oil prices rose on Wednesday, pushed upwards by technical buying, but struggling to break above the narrow range that has persisted this month.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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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 steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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Oil was trading higher on Monday after a  weekend of worsening conflict between Israel and Hizbollah  guerrillas, leaving traders nervous the violence could escalate  and spread across the oil-producing Middle East.
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Oil prices held steady near &#36;47 on Wednesday, a day after striking another record peak as U.S. inflation stayed in check despite scorching energy costs and ahead of weekly data expected to show a drop in crude stocks.
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Iran Oil Minister Kazem Vaziri-Hamaneh said on Monday there is no shortage of crude oil in the market and OPEC has no plans to increase supplies.
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Oil climbed above $61 to a 2007 high on Friday following a sharp drop in fuel stocks in the United States, as tensions over Iran's nuclear program stoked supply concerns.
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WASHINGTON -- Oil prices finished slightly above $70 a barrel yesterday as traders eyed the nuclear dispute between Iran and the West and after BP PLC officials said the company's Prudhoe Bay output could be restored earlier than expected.
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Oil prices rose Tuesday but stayed within the range the market has maintained since early October.
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Oil prices rose more than half a  percent on Thursday as Iran looked set to defy the United  Nations' deadline for halting nuclear enrichment, raising the  risk of sanctions against the world's fourth-biggest exporter.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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Oil prices rebounded to above $66 a   barrel on Tuesday, with bargain-hunting traders ending a   six-day retreat after Iran sounded a softer note on its atomic   program and OPEC agreed to keep production steady for now.