OPEC

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Oil settled above $56 on jobs, EIA data

Oil settled above $56 a barrel on Wednesday, as a surprise drop in U.S. gasoline and a slowdown in private sector job losses in April boosted hopes for a turnaround in the economy.

Oil rises to five-week high near $54

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Oil prices rose to a five-week high near $54 a barrel on Monday on hopes an easing of the global economic recession would pave the way for a recovery in world energy demand.

Oil rises to one-month high near $54

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Oil prices rose to more than a one-month high on Monday on optimism the global economic recession was easing, spelling a potential recovery in world energy demand.
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Oil rises as U.S. consumer confidence improves

Oil prices rose more than $2 a barrel on Friday, drawing support from improved U.S. consumer confidence and further evidence of record levels of compliance by OPEC with its agreed output cuts.
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Oil falls over 2 percent on flu fears

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
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Oil falls over 2 percent on swine flu fears

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
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Oil falls back under $50 after surge

Oil fell back below $50 a barrel on Thursday, after surging more than 2 percent as equity markets rallied on signs the U.S. recession was easing, boosting hopes of a demand recovery in world's top energy consumer.
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Oil rises above $50 as equities rally

Oil rose above $50 a barrel on Tuesday, recovering after an earlier fall, as a stock market rally countered the impact of weakening global oil demand and forecasts for rising U.S. supplies.
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Oil falls 4 percent after IEA cuts demand view

Oil fell more than 4 percent on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest level ever.
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Oil falls more than $1 after IEA cuts demand view

Oil fell more than $1 a barrel on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil drops towards $49 after IEA cuts demand forecast

Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil drops towards $49 after IEA cuts demand view

Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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World fuel use to dive by 2.4 million bpd: IEA

World oil demand will dive by a hefty 2.4 million barrels per day in 2009, the International Energy Agency said on Friday, citing the impact of prolonged economic recession on energy use.
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Oil drops below $50 after IEA cuts demand view

Oil fell below $50 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil falls towards $51 after IEA cuts demand forecast

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil falls towards $51

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil falls to around $51

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut its forecast for oil demand, overshadowing data showing Chinese crude imports rose to their second highest ever.

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