Oil prices pause after 14% plunge, traders eye Opec
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SINGAPORE, DEC 6: Oil prices inched up from a three-month low on Monday as traders caught their breath after last weekâs 14% dive and considered a possible output reduction at Opecâs upcoming meeting.
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Oil prices slid on Thursday after a bigger-than-expected rise in U.S. fuel inventories soothed some worries of a winter squeeze, but the fall was limited by an upcoming OPEC meeting and Iraqi elections.
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Oil prices eased on Friday as OPEC looked set to keep output unchanged at its meeting this weekend, although concern ahead of Sunday's election in Iraq limited the fall.
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Oil prices held firm above &#36;47 a barrel as worries about a possible cut to OPEC production curbed fears of a slowdown in second-quarter demand.
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NEW YORK - U.S. stocks are seen in a cautious mood at the open as investors count the cost of oil's latest push north and await OPEC meeting outcome in Vienna...
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ABU DHABI/VIENNA  - OPEC is worried by a fall in the dollar that is eroding member states' oil revenue and ministers will take up the issue when they meet next week to discuss new output curbs.
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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 just below &#36;48 a barrel on Tuesday, as the market remained nervous that OPEC producers may cut supplies before the end of the first quarter.
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Oil prices slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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NEW YORK : World oil prices fell, capping a drop of more than 14 percent in a two-and-a-half-week slide triggered by a perception of growing US crude oil inventories.
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Oil prices rose on Wednesday, stemming an eight-session slide that has dragged prices down 14 percent from record highs as news emerged of a fresh pipeline fire in Iraq.
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Oil prices edged up on Thursday after a larger-than-expected drop in U.S. crude stocks and as traders waited to see if OPEC ministers meeting in Nigeria would hold off from making further cuts to output.
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The recent fall in crude prices won&#39;t affect policy, say group officials. But the second quarter may be a different story. The early December plunge in oil prices has been dizzying.
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Oil prices clung near the $49 mark on  Tuesday, pausing from a 12 percent slide from record highs  ahead of key mid-week data on the health of winter fuel  stockpiles in the leading consumer, the United States.
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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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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  loan out crude from its strategic petroleum reserve after  Hurricane Ivan sliced into supplies.
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Oil prices rose on Wednesday, stemming  an eight-session slide that has dragged prices down 14 percent  from record highs as news emerged of a fresh pipeline fire in  Iraq.