Oil prices rose toward $72 a barrel on Tuesday as investors bought commodities to hedge against a weaker dollar, and the U.S. government forecast an increase in world oil demand.
Oil prices rose above $71 per barrel on Tuesday as the dollar slipped against major currencies and after a U.S. government agency raised its forecast of world oil demand for the fourth quarter.
Oil prices rose more than $1 to above $71 per barrel on Tuesday, helped by a fall in the U.S. dollar after a report Gulf Arab states were in talks to replace the greenback with a basket of currencies in oil trading.
Britain's The Independent newspaper said on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Oil fell to around $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell to below $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Gold stayed above $1,000 an ounce on Monday as the dollar remained pressured after last week's jobs data pushed the currency down broadly on concerns the U.S. economic recovery may not be as robust as previously thought.
Oil fell toward $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell to near $70 a barrel on Friday after worse-than-expected U.S. employment figures raised doubts about the strength of the economic recovery, but a slump in the dollar helped drag crude prices off their lows.
Oil fell toward $70 a barrel on Friday, driven lower by the dollar's recovery and concerns over U.S. employment data, while worries over the West's talks with Iran about the OPEC member's nuclear plan eased.
Since Wednesday, September 23, natural gas spot prices fell at most market locations, with decreases generally ranging between 10 and 30 cents per million Btu (MMBtu). Prices at the Henry Hub declined by 19 cents per MMBtu, or about 5 percent, to $3.24 per MMBtu.
Oil prices slipped on Thursday as weaker-than-expected U.S. manufacturing data and rising jobless claims dampened hopes of a demand rebound in the world's top energy consumer.
Oil pared losses to trade above $70 a barrel after the biggest daily jump since April on the back of a hike in U.S. consumer spending and as tensions between Iran and the West lent support.
Oil fell below $70 on Thursday, pulling back after the biggest daily jump since April as ballooning distillate stocks doused positive sentiment and revived the view that oil prices may have run ahead of demand.
Oil eased toward $70 on Thursday, pulling back after the sharpest daily jump since April as ballooning distillate stocks doused positive sentiment and revived the view that oil prices may have run ahead of demand.
Oil fell below $70 on Thursday, pulling back from the more than 5 percent gain a day ago on worries that a rise in U.S. crude and distillate stocks signals weak demand when taken along with the latest economic data.
One of the critical factors energy analysts focus on each fall, ahead of the rise in demand for heating fuels, is the pre-winter build-up of fuel inventories. This year, inventories are unusually high for all winter fuels, including distillates (which includes heating oil), natural gas, propane, and coal used for electricity generation.
Oil rose above $68 per barrel on Wednesday, buoyed by a drop in U.S. gasoline inventories and a weak dollar.
Oil rose above $67 per barrel on Wednesday, buoyed by a fall in the dollar and higher share prices, but gains were limited by an expected increases in U.S. oil inventories.
Oil rose toward $68 per barrel on Wednesday, buoyed by a fall in the dollar against major currencies at the end of the financial quarter, with the market also awaiting key U.S. oil data later in the day.
Oil rose above $67 per barrel on Wednesday, buoyed by a fall in the dollar against major currencies at the end of the financial quarter, with the market also awaiting key U.S. oil data later in the day.
Oil rose above $67 on Wednesday, recouping day-ago losses as the U.S. dollar eased against the euro and resource currencies like the Australian dollar, while eyes are on talks over Iran's nuclear plans.
SINGAPORE - Oil edged up to $67 a barrel on Wednesday, recovering from the previous day's losses as the dollar weakened against the euro and resource currencies like the Australian dollar.
Oil edged up to $67 a barrel on Wednesday, recovering from the previous day's losses as the dollar weakened against the euro and resource currencies like the Australian dollar.
Privately held Savannah Gold Ltd is seeking 1 million pounds in fresh investment to launch a drilling programme in Nigeria, and hopes to list the firm in Canada in the middle of next year.
Oil rose above $67 a barrel on Tuesday, with support coming from the dollar's fall in response to U.S. data showing weak consumer confidence.
Oil fell below $66 a barrel on Tuesday as a weak demand outlook was expected to be reinforced by weekly inventory data from the United States.
Oil dipped toward $66.50 a barrel on Tuesday as a weak demand outlook was expected to be reinforced by weekly inventory data from the United States.
Oil held steady around $67 a barrel on Tuesday after climbing more than 1 percent a day ago, boosted by strong equities markets and Iran's missile tests, but gains were moderated by expected builds in U.S. fuel stocks.