Oil prices fell toward $61 a barrel on Monday, giving away some of last week's gains, ahead of OPEC's meeting in Vienna, where the group was widely expected to agree not to cut oil output further.
Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session's gains, on risk aversion after North Korea said it had conducted an underground nuclear test.
Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session's gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Consumer nations on Sunday urged producers to keep oil prices stable or risk derailing a fragile global economic recovery, as top exporter Saudi Arabia forecast prices eventually moving toward $75 a barrel.
Energy leaders on Sunday debated what oil price would spur investment in the sector without hurting a wider global economic recovery, as top producer Saudi Arabia forecast prices eventually moving toward $75 a barrel.
OPEC ministers are expected to make no change to oil supply when they meet in Vienna next week as higher prices ease their concerns about overflowing fuel inventories and the deepest fall in demand for years.
Oil hovered above $61 a barrel on Friday, off six-month highs the previous day, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound.
Oil hovered above $61 a barrel on Friday, down from Thursday's six-month highs, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound.
Oil fell on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.
Oil fell nearly 2 percent on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.
Oil was steady under $62 a barrel on Thursday, after rallying to a six-month high on Wednesday, as government data showed a steep drop in U.S. crude and gasoline stockpiles ahead of the summer driving season.
Oil rose 2 percent on Wednesday to touch a six-month high over $62 a barrel as government data showed a steep drop in U.S. crude and gasoline inventories ahead of the summer driving season.
Oil prices briefly pushed above $62 a barrel on Wednesday to touch a new six-month high on bullish inventory data and a spate of refinery accidents in the United States, in spite of weak market fundamentals.
Oil prices pushed above $61 a barrel on Wednesday to touch a new six-month high on bullish inventory data and a spate of refinery accidents in the United States, in spite of weak market fundamentals.
Oil prices firmed above $60 a barrel on Wednesday to touch a new six-month high on bullish inventory data and a spate of refinery accidents in the United States, in spite of weak market fundamentals.
Oil prices rose above $60 a barrel on Wednesday, hitting a new six-month high, as investors awaited more U.S. oil inventory data and kept a close watch on equities for direction.
Oil prices steadied above $60 a barrel on Wednesday after touching a six-month high a day earlier, as investors awaited more U.S. oil inventory data and kept a close watch on equities for direction.
Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.
Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.
Oil rose to around $57 a barrel on Monday as traders saw the previous session's near 4 percent fall as excessive and violence in Africa's top oil exporter Nigeria lent support.
Oil bounced back to $57 a barrel on Monday, recouping some of the previous session's near 4 percent loss, buoyed by short-covering despite a still uncertain outlook for the global economy.
Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.