Oil prices take a breather
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London: Oil prices hovered below recent record highs today after intervention by the Norwegian government to end industrial strife in the worldâs third-biggest oil exporter took some heat out of feverish markets.
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Oil prices hovered above &#36;41 a barrel on Tuesday, pausing after a fall of more than 10 percent in the last five sessions amid rising U.S. stockpiles and warmer-than-expected weather.
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Oil prices slipped toward $54 a  barrel on Tuesday, breathing easier after a Norwegian strike  threat receded but still anxious over the thin state of global  pre-winter heating oil supplies.
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Oil prices slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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Oil prices settled at a seven-month low yesterday, as rising global supplies, slack demand and a mild Atlantic hurricane season forced geopolitical worries to the back burner.
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Oil prices came within a whisker of   retesting a near six-month low of $63 on Friday as supply   worries eased, knocking gold to three-month lows and dragging   resource shares such as Japan's INPEX lower.
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Resurgent oil prices paused for breath as the United States prepared to draw on its emergency reserves to ease supply strains caused by Hurricane Ivan.
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The US market was more subdued after finishing last week on a high amid cooling oil prices. The Dow Jones Industrial Average ended up 11.
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If the global economy slows, oil prices will fall. But probably not until after March.
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Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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Oil prices have stepped back from this week&#39;s eight percent rout, holding well above $50 a barrel as analysts say it will take more than China&#39;s mild interest rate rise
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Oil prices eased on Friday as a hurricane subsided in the Gulf of Mexico, although prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices edged lower on Wednesday as traders waited to see whether the first cold snap of the US winter had eaten into low heating fuel supplies.
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Oil prices stepped back from this  week's eight percent rout on Friday, holding well above $50 a  barrel as analysts said it would take more than China's mild  interest rate rise to stem demand growth from the world's  second largest user.
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Oil prices came within a whisker of  retesting a near six-month low of $63 on Friday as supply  worries eased, knocking gold to three-month lows and dragging  resource shares such as Japan's INPEX lower.
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Oil prices slipped on Tuesday but  remained well above $48 a barrel as dealers weighed up whether  a thin cushion of heating fuel in the United States would be  sufficient to meet winter demand.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.