Oil Up on OPEC Cut Talk, Saudi Attack
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Oil prices bounced from a three-month  low on Monday as traders eyed signals from OPEC that it may  take action to stem a slide that knocked 14 percent off crude  prices last week.
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Oil prices rose for the second day in a row on Thursday as several OPEC ministers called for the cartel to stop producing more oil than its official target.
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Oil prices rose Tuesday, recovering some ground lost when prices fell more than $1 a barrel a day earlier as traders monitored the weather and OPEC production cuts
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World oil prices ticked up from a three-month low on Monday as traders looked for OPEC to take action to stem a slide which knocked 14 percent off crude prices last week.
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Opec is under pressure to lift official production levels at a critical meeting today as global crude prices rose again on the back of pipeline attacks in Iraq and hurricanes heading for the Gulf of Mexico.
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Crude oil futures prices rose above $43 a barrel Monday after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week&#39;s sharp sell-off.
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Oil prices rose more than $1 a barrel Wednesday following reports of at least one explosion in the capital of Saudi Arabia and after the US government reported that winter fuel supplies declined last week.
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LONDON  - Oil prices rebounded on concerns that OPEC producers might announce a surprise cut in output quotas when they meet later this week, following a recent market sell-off, analysts said.
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Oil prices extended gains above $41 a  barrel on Tuesday on forecasts of colder temperatures in the  U.S. Northeast, a supply cut by top OPEC producer Saudi Arabia  and disruptions to Iraqi crude exports.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and Saudi Arabia, OPEC's top producer, said it is making good  on a pledge to cut output.
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Oil rose more than $1 to above $62 a barrel on Thursday after OPEC decided to cut its output by 2 percent starting in February.
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Oil prices rose off three-month lows yesterday, after an attack on the US consulate in Saudi Arabia and reports of an OPEC pledge to raise its minimum price target.
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Oil edged up to $63 a barrel on Friday after OPEC agreed to cut supply for a second time in two months, underlining its determination to manage the market and prop up prices.
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Global oil prices edge up in early Thursday trading ahead of a key meeting by oil producers group Opec.
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed to 43.31 US dollars after gunmen
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Oil prices rise on speculation that producer cartel Opec may unveil  cuts in output at its December meeting.
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Oil prices added to strong gains on  Thursday, spurred by persistent OPEC talk of a cut in supplies  ahead of the second quarter that could drain healthy U.S.  stockpiles before summer.