Oil prices rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.
Crude oil rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.
Crude oil rose to a seven-week high near $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.
Oil rose for the fourth straight session on Tuesday, edging higher above $73 a barrel after OPEC raised its 2010 demand forecast and the dollar slumped.
Oil rose to more than $72 a barrel on Friday, as a positive demand outlook from the International Energy Agency outweighed a bounce in the dollar.
Oil prices fell toward $69 a barrel on Wednesday after U.S. data showed fuel stocks surged last week in the world's biggest energy consumer, signaling a recovery in oil demand could take more time.
Oil prices rose 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 slightly 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 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.
Big oil producing nations denied a British newspaper report 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 trading oil.
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.
Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday.
Oil fell 2 percent to below $69 a barrel on Monday, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell more than 1 percent on Friday, settling below $70 a barrel after U.S. employment figures raised doubts about the strength of the economic recovery.
Oil fell more than 2 percent to $69 a barrel on Friday after U.S. employment figures raised doubts about the strength of the economic recovery.
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 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 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 prices rose above $66 a barrel on Friday, supported by evidence of improving consumer sentiment and heightened tension around Iran's nuclear program.