Oil up from 7-week lows after US stocks data
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Oil prices have rebounded from seven-week lows as US heating oil stocks fell for an eighth straight week ahead of winter. US light crude was up 58 cents at $47.
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Oil prices fell to seven-week lows near $47 a barrel on Wednesday as traders braced for another increase in US oil and gas inventories.
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The technology-heavy Nasdaq Composite stock index rose to a 7-month high on Thursday as crude oil prices tumbled, alleviating worry that high energy costs will erode corporate profits.
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Stocks rose after US crude oil fell below $50 a barrel on Monday, offsetting jitters ahead of an uncertain outcome for the US presidential election.
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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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U.S. stocks rose on Wednesday on  investor relief that oil prices fell sharply after a  higher-than-expected rise in crude stocks last week.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories.
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Crude oil prices rise again after eight days of losses, after a US report shows stocks at their lowest since March.
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U.S. stocks advanced on Monday as   crude oil prices fell below $60 a barrel, lifting optimism   about spending and profits.
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Oil prices on Tuesday held 17 percent  gains made over the past three weeks after soaring to a  seven-week high above $49 a barrel on frigid temperatures in  the U.S. Northeast.
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Oil prices climbed to a seven-week high  above $49 a barrel on Tuesday as a cold front swept into the  U.S. Northeast, stoking winter fuel demand.
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Oil prices slipped to seven-week lows  on Wednesday, lifting Asian shares, while the dollar gained on  fresh warnings over the euro's strength ahead of an expected  U.S. interest rate rise later in the day.
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U.S. stocks ended up sharply on   Tuesday, with the three major indexes registering their biggest   gains in about a month, as crude oil's seventh straight day of   losses fueled optimism that lower energy costs will spur   consumer spending, lift corporate profits and reduce inflation   risks.
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European shares edged higher as oil prices fell to seven-week lows easing pressure on companies&#39; margins, but activity was muted ahead of the Federal Reserve&#39;s decision on interest rates later Wednesday.
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Oil prices perked up from 7-week lows on Friday on forecasts for colder-than-normal weather in the U.S. Northeast.
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Oil prices have showed little reaction to official data recording the first rise in US crude stocks in 10 weeks. The Energy Information Administration said stocks are 14% below the levels of November last
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Oil prices climbed back above $59 a barrel on Wednesday ahead of an expected sharp fall in weekly U.S. distillate stocks as a blast of cold weather boosted heating fuel demand in the world's top consumer.