OPEC

Oil jumped more than 6 percent to above $51 a barrel on Thursday after a move by the Federal Reserve to buy government bonds hit the dollar and revived expectations the U.S. economy could soon begin its recovery.

Oil fell $1 a barrel on Wednesday after data showed U.S. crude inventories swelled to the highest level in nearly two years and the World Bank cut its 2009 forecast for China's economic growth.

Oil fell $1 to $48 a barrel on Wednesday after government data showed U.S. crude supplies swelled to the highest level in nearly two years, and the World Bank cut its forecast for China's economic growth this year.

Oil fell from a 2-1/2-month high toward $48 a barrel on Wednesday after industry data on Tuesday showed large builds in U.S. crude stocks.

Oil fell from a 2-1/2-month high toward $48 a barrel on Wednesday after industry data showed large builds in U.S. crude stocks.

Oil rose to more than $47 on Monday, reversing earlier losses, on the view that OPEC cuts had started to take effect and a rally in equity markets.

Oil fell to around $44 a barrel Monday after OPEC decided to leave existing output targets unchanged.

Oil fell over 3 percent to below $45 a barrel on Monday as traders questioned whether OPEC's decision to enforce better compliance with previous curbs rather than make new production cuts was enough to offset eroding global demand.

OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May to review progress.

OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May.

OPEC ministers began talks on Sunday to decide whether to set new output targets or stick to existing curbs against a backdrop of swelling oil inventories and a shattered world economy.

OPEC ministers weighed the options of tighter compliance with existing output curbs or agreeing to new cuts as they prepared to meet Sunday against a backdrop of high oil stocks and a damaged world economy.

OPEC ministers will on Sunday debate whether their best policy is strict compliance with existing output curbs or a new set of cuts as they balance the issues of bulging oil stocks and a bruised world economy.

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.

U.S. Energy Secretary Steven Chu said late on Friday that OPEC ministers should take into account the harm high oil prices can do to the global economy when they meet in Vienna this Sunday to discuss whether to carry out another oil production cut.

Oil fell toward $46 a barrel on Friday, as bearish demand forecasts outweighed the potential for OPEC agreeing to further production cuts at its weekend meeting.

Oil fell $1 on Friday to below $46 as the stock market dropped and traders awaited OPEC's meeting this weekend.

Oil held above $47 a barrel on Friday ahead of OPEC's Sunday meeting in Vienna, after two volatile days of trade this week.

Oil rose above $48 a barrel on Friday ahead of OPEC's Sunday meeting in Vienna, after two volatile days of trade this week.

Oil edged down below $47 a barrel on Friday ahead of OPEC's meeting this weekend which pushed prices up by more than 11 percent in the previous session, helped by better-than-expected economic data.