OPEC

Upward momentum from a raft of recent strong earnings reports helped lift U.S. stock index futures on Monday, although traders eyed rising oil prices as a potential negative for the market.

Oil prices rallied 3 percent on Wednesday as U.S. crude oil inventories fell for the first time in seven weeks and the dollar weakened further, fueling investor appetite for riskier assets.

Brent and U.S. crude oil futures rallied more than $2 on Wednesday, with Brent over $123 a barrel, helped by a weekly draw in U.S. crude inventories that confounded expectations for a stock build, and by a weaker dollar.

Iran, prominent member of the oil cartel Organization of Petroleum Exporting Countries (OPEC) and long-time adversary of the U.S, has objected to the move by certain members of the oil exporting cartel to raise output in order to clam markets and ease oil prices.

Brent crude oil futures fell below $120 on Tuesday for the first time in two weeks, pressured by concern over the economic outlook and the risk that high prices could erode demand.

Donald Trump’s promise to make foreign countries pay up has become a cornerstone of his unofficial 2012 presidential campaign.

Donald Trump's PR campaign has been built around questioning the validity of President Obama's birth certificate. But recently Trump has also broached on foreign policy, adding another angle to his PR campaign.

Presidential hopeful Donald Trump said if he were the President of the United States, he would take at least $1.5 trillion worth of oil from Iraq.

Brent crude oil fell on Tuesday, slipping below $120 a barrel for the first time in two weeks, pressured by concern about the economic outlook and that high prices could erode demand.

Oil fell more than $2 on Monday after ratings agency S&P cut its U.S. credit outlook to negative, adding to losses sparked by top exporter Saudi Arabia saying weak demand had forced it to reduce crude output.

Oil prices fell more than $2 a barrel on Monday to under $122 a barrel after OPEC ministers said high oil prices could place a major strain on consumer countries, and S&P revised its U.S. outlook to negative.

The Organization of the Petroleum Exporting Countries said it expects oil demand to grow by 1.4 million barrels per day this year, around steady on its previous forecast and also in line with IEA figures.

Donald Trump said Iraq oil can make the US a fortune, in an interview with the Wall Street Journal.

Brent crude jumped nearly 3 percent to a 32-month high above $126 on Friday and U.S. oil scaled $112 a barrel as commodities climbed on a weaker dollar and after attacks on Libyan oil fields made long-term supply cuts more likely.

Brent crude oil prices rose to a 2-1/2-year high above $123 a barrel on Wednesday before erasing the majority of gains in volatile trade as market players fretted the recent rally was overdone.

Donald Trump is the most sensational candidate to informally announce his candidacy for the 2012 presidential election.

Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise.

Oil prices hit fresh peaks on Wednesday, rising to highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate increase.

Oil prices held near a 2-1/2 year peak on Wednesday, supported by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate increase.

U.S. stocks advanced in early trade on Friday following better-than-expected monthly non-farm payrolls and unemployment data.

Oil prices rose above $107 on Friday in Asia, amid concerns that escalating fighting between the rebels and Moammar Gadhafi’s forces in Libya would lead to disruption of oil exports from the OPEC nation for longer than expected.