Oil rose toward $72 a barrel on Thursday, supported by OPEC's decision to hold output steady and forecasts by the International Energy Agency that global demand will be higher this year and next than it previously forecast.
Oil prices rallied for a fourth day running on Thursday, edging above $71.50 a barrel after bullish inventory data and soothing words from OPEC whetted investor appetite for crude.
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to hedge against inflation by buying commodities.
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to buy commodities as a hedge against inflation.
Oil prices rose toward $72 a barrel on Wednesday, extending gains of more than $3 the previous day as a falling dollar spurred investors to buy commodities such as oil as a hedge against inflation.
Oil prices fell below $71 a barrel Wednesday, after rising more than $3 the previous day, as OPEC ministers were expected to maintain official output unchanged at their meeting in Vienna.
Oil prices hovered above $71 a barrel on Wednesday, after rising more than $3 the previous day, as OPEC ministers were expected at their meeting in Vienna to maintain official output unchanged.
Oil prices hovered above $71 a barrel on Wednesday, after rising more than $3 the previous day, as OPEC ministers were expected at their meeting in Vienna to maintain official output unchanged.
Oil traded higher on Tuesday by nearly $3 at one point as investors quenched a growing risk appetite for tangible commodities against the background of a weakening dollar and the looming prospect of inflation.
Oil prices rose above $69 a barrel on Tuesday ahead of an OPEC meeting, which analysts said would see more target compliance rhetoric but no change in output limits.
Oil prices rose toward $69 a barrel on Tuesday, underpinned by comments by delegates from an OPEC meeting starting Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
Oil prices rose above $68 a barrel on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
Oil hovered around $68 a barrel in thin trade on Monday ahead of an OPEC meeting this week which is widely expected to keep its official output unchanged.
Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.
Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.
Oil prices were little changed on Monday, hovering above $68 a barrel, as concerns about weak energy demand in the United States, the world's top energy consumer, were offset by a broad rise in Asian equities markets.
Oil prices fell below $68 a barrel on Monday on concerns that high unemployment in the United States, the world's top energy consumer, will weigh on demand.
Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.
Oil dropped below $68 a barrel on Friday, weighed down by a stronger dollar after U.S. data showed the unemployment rate rose by less than expected, albeit to a 26-year high.
Oil hovered above $68 a barrel on Friday, eyeing a U.S. jobs report due later for some clarity on the economy of the world's top energy user as it struggles to emerge from recession.
Oil prices steadied on Thursday as economic optimism from data showing that the U.S. service sector and retail sales improved was tempered by disappointing news from the labor market.
Oil prices rose toward $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
Oil prices rose above $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
Oil was steady above $68 on Thursday, after settling unchanged a day earlier, as a steep fall in U.S. gasoline inventories offset a smaller-than-expected drop in crude stocks in the world's top energy user.
For over a decade, the Energy Information Administration (EIA) has published annual data on greenhouse gas emissions. EIA typically publishes its inventory report, Emissions of Greenhouse Gases in the United States (EGGUS) 11 months after the end of the year for which data is reported. A flash (preliminary) estimate of energy-related carbon dioxide (CO2) emissions --which account for over 80 percent of total U.S. greenhouse gas emissions--is available about 6 months earlier.
Oil rose above $68 a barrel on Wednesday in choppy trade after U.S. government inventory data showed a sharp drop in gasoline inventories but a lower than expected decline in crude stocks.
Oil fell below $68 a barrel on Wednesday, extending the previous session's 3 percent drop, after weak U.S. jobs data raised doubts over the strength of economic recovery in the world's biggest fuel consumer.
Oil rose above $68 a barrel on Wednesday, after a 3 percent drop in the previous session, as data showing a fall in U.S. crude stocks raised expectations of demand growth in the world's biggest energy consumer.
Oil edged above $68 a barrel on Wednesday, reversing part of the previous day's slide of 3 percent, after industry data showed a sharp fall in U.S. crude stocks, boosting hopes of a demand rebound in the world's top energy user.
Oil edged above $68 a barrel on Wednesday, reversing part of the previous day's slide of 3 percent, after industry data showed a sharp fall in U.S. crude stocks, boosting hopes of a demand rebound in the world's top energy user.
