Oil rose 3 percent toward $80 a barrel on Monday after Tropical Storm Ida forced the shut in of U.S. oil and gas production, helping to support prices.
Angola's oil industry is booming as money pours in after the end of three decades of civil war, and officials say output could increase by as much as two-thirds over the next five years.
Oil rose well over a dollar to more than $79 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas production and Group of 20 talks sent equities up and the dollar down.
Oil rose more than $1 toward $79 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas facilities, and on the outcome of Group of 20 talks sent equities up and the dollar down.
Oil rose more than $1 to above $78 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas facilities and the outcome of Group of 20 talks sent equities up and the dollar down.
Oil rose more than $1 to above $78 a barrel on Monday, recouping some of the previous session's near 3 percent loss, on fears a powerful hurricane would cut U.S. oil and gas supplies and also lifted by the falling dollar.
Oil prices rose more than $1 to top $78 a barrel on Monday as strong manufacturing data from the United States and China stoked optimism for a turnaround in the economy and in fuel demand.
Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
Oil rose toward $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
Oil rose above $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
Oil fell below $79 a barrel on Wednesday, pressured by weaker equities and a stronger dollar, and as prices struggled to break through the psychological $80 mark.
Oil fell for a third day to around $80 a barrel on Monday, extending its retreat from last week's one-year high, on renewed concerns about the strength of the global economy.
Oil fell for the third day to below $80 a barrel on Monday, as investors continued to take profit from last week's one-year high on renewed concerns about the strength of the global economy.
Oil prices fell on Friday as a stronger U.S. dollar and doubts over the pace of economic recovery halted the commodity's recent rally.
Oil prices slipped back below $81 a barrel on Friday after skepticism the economic recovery was robust enough to spur a convincing rise in fuel demand quelled the appetite to extend this week's powerful rally.
Oil prices rose on Friday, holding above $81 a barrel, but skepticism economic recovery was robust enough to spur a convincing rise in fuel demand limited the appetite to extend this week's powerful rally.
Oil prices edged lower on Friday, back toward $81 a barrel, as skepticism economic recovery was robust enough to spur a convincing rise in fuel demand curbed appetite to extend this week's powerful rally.
Can a weaker dollar propel oil prices higher than current levels near $81 a barrel, or will bearish oil market fundamentals hold oil prices back? The correlation between oil prices and the dollar has reached a coefficient of -0.9 in 2009, Reuters data shows.
Oil edged lower on Tuesday, ebbing from an over $80 a barrel a peak hit earlier on a weaker dollar, as a cautious reassessment of supply and demand tempered the rally.
U.S. crude futures edged up on Tuesday to a one-year high near $80 a barrel on a weak dollar and firm U.S. stock market.
Venezuelan President Hugo Chavez said on Saturday that countries including Venezuela, Russia and Iran had proposed the U.S. dollar should be replaced as the currency used for the oil trade.
Oil rose toward $76 a barrel on Thursday, its sixth straight session of gains in spite of a brief midsession stumble as the euro fell on disappointing Q3 earnings reports, traders said.
