Oil edges above $70 after two-day slide
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Oil bounced back above $70 on  Wednesday after touching a 10-week low the day before, halting  a steep two-day slide as traders looked ahead to an expected  decline in U.S. crude and gasoline stocks and fretted over  Iran.
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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 US heating oil stocks eased worries of a winter supply squeeze.
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Oil prices edged higher on Friday, ending a three-day losing streak, as dealers weighed OPEC's threat to cut production against healthy supplies of crude and gasoline in the United States, the world's biggest consumer.
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Oil prices eased on Tuesday, as  Middle East cyclone fears waned, but concerns over gasoline  supply in the United States kept crude above the $70 mark.
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Oil prices steadied below $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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U.S. crude surged $2 to above $76 a  barrel on Monday as BP began shutting an Alaskan field that  pumps 8 percent of U.S. oil and anxiety over the Middle East,  supplier of almost a third of the world's oil, ran high.
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Oil prices edged higher for the second day on Wednesday ahead of US government data expected to show a slight decline in winter heating fuel stocks.
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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 steadied on Tuesday with concerns over gasoline supply in the United States keeping crude above the $70 mark even as fears eased that a cyclone in the Middle East would disrupt production.
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Oil slid more than a dollar on  Thursday, resuming a two-week decline that has cut 15 percent  from prices, as rising crude inventories have eased concerns of  a winter fuel crunch.
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Oil prices bounced higher Friday after two days of sharp declines. Prices rose as traders sought to protect themselves in the event of a supply disruption before Monday.
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Oil steadied at a seven-day high of   just under $63 a barrel on Thursday, following the previous   day's $2 leap as traders awaited clearer signs from OPEC on   whether it would cut output to counter swelling U.S. stocks.
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Oil rebounded above $95 a barrel on Tuesday after falling 3 percent a day earlier as the potential of a recession in top fuel consumer the United States led investors to expect lower demand.
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Crude oil in New York approached $70 a barrel for the first time since September after Nigerian unions planned a strike this week, threatening supplies from Africa's biggest oil producer.
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Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
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Oil prices edged higher for the second  day on Wednesday ahead of U.S. government data expected to show  a slight decline in winter heating fuel stocks.
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Oil hovered near $75 on Wednesday but  remained within sight of an all-time high ahead of U.S. data  expected to show a further tightening of crude stocks in the  world&#39;s top consumer.