OPEC

Oil jumped more than 4 percent to top $66 a barrel on Thursday as economic data sparked fresh optimism that the recession may be bottoming out.

Oil prices fell 2 percent to below $67 a barrel on Tuesday after data showing a drop in U.S. consumer confidence spurred concerns about the economy and sent investors into safer havens.

Saudi Arabia, the world's top oil exporter, is burning more crude in domestic power plants to keep new wells pumping and produce cleaner electricity, likely eliminating demand for imported fuel this summer.

World oil consumption will rise for the first time in two years in 2010 as a recovery in the global economy boosts demand, according to a Reuters poll of top oil-tracking analysts and organizations.

Oil fell toward $61 a barrel on Friday amid lingering skepticism on the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.

Oil prices fell more than $1 to below $59 a barrel on Monday, slipping toward a seven-week low on concerns about the state of the global economy as equities markets tumbled.

Oil prices fell more than $1 to below $59 a barrel on Monday, slipping to a seven-week low on concerns about the state of the global economy as equities markets tumbled.

Oil prices fell $1 to below $59 a barrel on Monday, extending last week's losses to languish at a seven-week low, as lingering concerns about the pace of a global economic recovery encouraged a further sell-off.

Oil prices fell below $60 a barrel on Monday, extending last week's losses to languish at a seven-week low, as lingering concerns about the pace of a global economic recovery encouraged a further sell-off.

Global oil demand will rebound 1.7 percent next year, led by rising consumption in emerging economies as the developed world recovers from recession, the International Energy Agency said on Friday.

Oil prices rose Thursday after a six-day slide as a drop in U.S. jobless claims fueled optimism about the economy.

Oil prices steadied at $60 a barrel on Thursday after a six-day slide as a drop in U.S. jobless claims fueled optimism about the economy.

Oil reversed early gains and dropped below $60 a barrel on Thursday as a downturn in U.S. equities added to pressure from high U.S. oil inventories and persistent concerns about the timing of any economic recovery.

Oil rose by more than $1 on Thursday to trade above $61 a barrel, halting a six-session losing streak which has seen prices decline by 15 percent on concerns about the timing of any economic recovery.

Oil rose by more than $1 on Thursday to edge back above $61 a barrel, halting a six-session losing streak which has seen prices decline by 15 percent on concerns about the timing of any economic recovery.

Oil rebounded toward $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery.

Oil rebounded toward $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery.

Oil dropped well over a dollar to below $62 a barrel on Wednesday, placing it on course for a sixth consecutive fall and the longest losing streak since mid-December, after U.S. data showed a big rise in fuel stocks.

Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

Oil fell toward $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.

Oil traded below $67 a barrel on Friday, adding to a fall of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.