Oil Holds at &#36;47, Traders Look to a Lull
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Oil prices stuck near &#36;47 a barrel on Monday as traders were torn between the seasonal ebb of demand in the second quarter and the constant threat of an OPEC output cut.
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Oil prices steadied above $45 a  barrel on Thursday, attempting to put a floor under a 7.4  percent tumble after a big increase in U.S. heating oil stocks  eased worries of a winter supply squeeze.
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Oil prices edged up toward $48 a barrel early on Friday as worries that an early or severe winter could stress low winter fuel stocks helped staunch the market&#39;s $8 tumble from record highs.
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Oil prices held steady near &#36;47 on Wednesday, a day after striking another record peak as U.S. inflation stayed in check despite scorching energy costs and ahead of weekly data expected to show a drop in crude stocks.
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Oil prices pushed above &#36;49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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Oil prices climbed above &#36;42 a barrel on Wednesday, rising for the third day in a row as the heavy consuming U.S. Northeast feels the first chills of winter.
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Oil prices held above $45 a barrel on  Tuesday as a cold spell loomed in the eastern United States and  a rash of supply problems afflicted big producers.
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Oil prices held firm on Friday after leaping almost &#36;2 a day earlier on news U.S. crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices held above $75 a barrel on Wednesday as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil prices held firm just above &#36;47 a barrel on Friday, bolstered by a tightening outlook for market fundamentals and sliding U.S. temperatures.
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Oil edged above $58 a barrel on Thursday in volatile trade that has trapped prices in a narrow range.
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Oil prices clung near the &#36;49 mark on Tuesday, pausing from a 12 percent slide from record highs ahead of key mid-week data on the health of winter fuel stockpiles in the leading consumer, the United States.
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Oil prices slipped on Monday but held above $49 a barrel as easing concerns about a winter supply crunch pulled the market further away from record highs set two weeks ago.
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Oil prices held firm above $47 a  barrel as worries about a possible cut to OPEC production  curbed fears of a slowdown in second-quarter demand.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier on news U.S. crude stocks sank  to a five-month low last week and distillate fuels barely grew  ahead of winter.
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Oil prices marched toward &#36;50 a barrel on Friday, weighing on Asian stock markets as investors fretted over the impact of high energy costs on corporate profits, consumer spending and economic growth in general.