Oil dipped below $74 in choppy trade on Wednesday after OPEC trimmed its 2010 global demand growth forecast.
Oil fell below $73 a barrel on Friday, extending losses after its biggest one-day fall since July, and as the U.S. dollar hit a seven-month high against a basket of currencies.
Oil edged up on Friday after its biggest one-day fall since July a day ago, as intervention by the Swiss National Bank to buy euros pared dollar gains.
Oil was steady near $73 on Friday, near lows for the year after its biggest one-day drop since July in the previous session, as the dollar jumped to its highest against the euro in eight months.
Oil dipped below $77 a barrel on Wednesday, retracing gains made earlier in the week ahead of key inventory data out of the world's largest energy consumer, the United States.
Oil prices steadied below $75 a barrel on Monday, after slipping toward a one-month low on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
Oil prices fell more than 2 percent to a 2010 low around $76 a barrel on Thursday, after government data showed a sharp drop in U.S. refining activity to nearly its lowest level in 25 years, indicating weak demand for fuels.
Oil fell by more than $1 to move toward $76 a barrel for the first time this year, as strength in the dollar and weak demand saw crude extend recent losses.
Oil rose near $78 a barrel on Thursday as worries that China will take further measures to temper its booming economy were overshadowed by its return to double-digit growth for the first time since 2008.
Oil fell toward $77 a barrel on Thursday as worries that China will take more measures to temper its booming economy overshadowed its return to double-digit growth for the first time since 2008.
China took its strongest step toward tightening monetary policy on Tuesday as the world's third-largest economy roars ahead, surprising investors with an increase in banks' required reserves that rocked global financial markets.
Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
Stock index futures rose on Monday after China's strong import figures stoked optimism about world economic recovery as investors awaited earnings from Alcoa Inc , which traditionally marks the kickoff of the U.S. quarterly earnings season.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminium and steel sectors saw a welcome increase in export volumes.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminum and steel sectors saw a welcome increase in export volumes.
Oil eased on Wednesday after U.S. data showed weak mortgage demand in the world's top energy consumer, halting a nine-day rally that has lifted crude futures by 14 percent due to cold weather and geopolitical jitters.
The Dubai Gold & Commodities Exchange (DGCX) has recorded 31.6% growth in volumes in 2009 as the Exchange recorded 1.5 million contracts valued at US $79 billion at the end of 2009. Surpassing the 2008 total volume of 1.142 million contracts, DGCX said that this is the highest annual volume to be achieved since inception.
U.S. stocks moved up at the open on Monday, the first trading day of 2010, on a rise in crude oil and other commodity prices and ahead of data expected to show expansion in the manufacturing sector.
Oil rose toward $80 a barrel in thin holiday trade on Thursday, poised for the biggest annual climb in a decade, a year after posting huge falls as the global economic crisis sapped demand.
Oil rose toward $80 on Thursday, poised for the biggest annual climb in a decade, a year after posting huge losses as the global economic crisis sapped demand.
Saudi Arabia has quit a long-held lease for 5 million barrels of Caribbean oil storage near the key U.S. market and state giant PetroChina is poised to move in, industry sources say, a potentially major shift in global oil trade dynamics.
