Oil fell by $1 toward $68 a barrel on Monday as a stronger dollar prompted a retreat from a seven-month high above $70 hit last week.
Oil fell by $1 toward $67 a barrel on Monday as a stronger dollar prompted a retreat from a seven-month high above $70 hit last week.
Oil fell by $1 toward $67 a barrel on Monday as a stronger dollar prompted a retreat from a seven-month high above $70 hit last week.
Oil slipped back after touching a seven-month high over $70 per barrel on Friday as U.S. employment data showed a slower pace of job losses.
Oil hit a seven-month high above $70 per barrel on Friday after much better-than-expected U.S. employment data pushed stock markets higher.
Oil rose above $69 per barrel on Friday, within striking distance of a seven-month high, supported by a rally in stock markets and expectations that the global economic downturn might not be as severe as expected.
The oil markets' seven-day rally faltered on Wednesday ahead of weekly U.S. inventory data and as investors grew more cautious ahead of the $70 a barrel mark.
Oil fell below $68 a barrel on Tuesday as prices slipped from a sharp rally to a seven-month high in the previous day.
Oil fell nearly $1 to below $68 a barrel on Tuesday as investors took profit from a jump of more than 3 percent a day earlier, but analysts said sentiment remained bullish amid growing signs of economic recovery.
Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity.
Oil jumped more than 2 percent Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.
Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil rose to a six-month high above $66 per barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after Japanese and U.S. data suggested the economic downturn may be moderating.
Oil rose above $65 a barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after Japanese and U.S. data suggested the economic downturn may be moderating.
Oil rose to a new six-month high above $65 a barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after government data showed a surprisingly sharp drop in U.S. crude inventories and OPEC left output steady.
Oil fell below $65 a barrel on Friday but was on track for its largest monthly percentage gain in more than a decade after government data showed a surprisingly sharp drop in U.S. crude inventories and OPEC left output steady.
Oil surged past $65 a barrel on Thursday to a fresh six-month high after OPEC decided to keep output unchanged and government data showed a steep drop in U.S. crude inventories.
Oil surged past $65 a barrel on Thursday to a fresh six-month high after OPEC decided to keep output unchanged and government data showed a steep drop in U.S. crude inventories.
Oil held above $63 on Thursday after OPEC ministers meeting in Vienna decided, as widely anticipated, to leave the group's crude output unchanged at 24.85 million barrels per day.
Oil slipped on Thursday as global markets dropped on government debt worries but held firmly above $63 a barrel as OPEC met in Vienna to discuss the group's oil output and what price the world could afford to pay.
Oil prices fell below $63 a barrel on Thursday, snapping three sessions of gains, as investor sentiment soured on worries that a potential recovery in the United States might be delayed because of the country's rising debt.
Oil prices rose to a six-month high above $63 a barrel on Wednesday after Saudi Arabia, OPEC's biggest member, said the global economy had strengthened enough to cope with oil at $75-$80 a barrel.
Oil rose to a six-month high above $63 a barrel on Wednesday after OPEC's biggest member Saudi Arabia said the global economy had strengthened enough to cope with oil at $75-$80 a barrel.
Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence and signs of modest recovery in Japanese exports buoyed hopes that oil demand would rebound as the global economy recovers.
Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence buoyed hopes that the global economy was on its way to recovery and demand for oil would rise.
Oil pared losses on Tuesday to trade above $61 a barrel, after Saudi Arabia said oil demand was picking up and in response to positive U.S. consumer confidence data.
Oil fell below $61 a barrel on Tuesday but climbed from session lows after Saudi Arabia said oil demand was picking up.
Oil fell below $60 a barrel on Tuesday, pressured partly by a firmer U.S. dollar and expectations an OPEC meeting later this week would keep the producer group's output unchanged.
