OPEC

Challenges of Slow Growth; Falling Tensions; Bottoming Airlines

Oil traded higher on Tuesday by nearly $3 at one point as investors quenched a growing risk appetite for tangible commodities against the background of a weakening dollar and the looming prospect of inflation.

Oil prices rose above $69 a barrel on Tuesday as spot gold crossed a psychological threshold and ahead of an OPEC meeting analysts said would see more target compliance rhetoric but no change in output limits.

Oil prices rose above $69 a barrel on Tuesday ahead of an OPEC meeting, which analysts said would see more target compliance rhetoric but no change in output limits.

Oil at close to $70 means OPEC will almost certainly keep existing output cuts in place when it meets in Vienna on Wednesday, although it could seek to tighten compliance with existing targets, ministers and delegates said.

Oil prices rose toward $69 a barrel on Tuesday, underpinned by comments by delegates from an OPEC meeting starting Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.

Oil prices held steady on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.

Oil prices rose above $68 a barrel on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.

OPEC ministers meeting in Vienna this week were expected to keep supply targets intact and instead rely on hoped-for economic growth to sustain oil prices.

Oil hovered around $68 a barrel in thin trade on Monday ahead of an OPEC meeting this week which is widely expected to keep its official output unchanged.

Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.

Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.

Oil prices were little changed on Monday, hovering above $68 a barrel, as concerns about weak energy demand in the United States, the world's top energy consumer, were offset by a broad rise in Asian equities markets.

Oil prices fell below $68 a barrel on Monday on concerns that high unemployment in the United States, the world's top energy consumer, will weigh on demand.

Oil prices were little changed on Friday as stronger equities boosted hopes for economic recovery, outweighing U.S. jobs data that showed the unemployment rate at a 26-year high.

Oil prices rose slightly on Friday as stronger equities boosted hopes for economic recovery, outweighing U.S. jobs data showed the unemployment rate at a 26-year high.

Oil prices slipped on Friday, weighed down by concerns about economic recovery after U.S. jobs data showed the unemployment rate at a 26-year high.

Oil ticked up above $68 a barrel on Friday in relatively thin dealing as investors awaited jobs data from the United States to provide some insight into the health of the world's top economy.

Oil dropped below $68 a barrel on Friday, weighed down by a stronger dollar after U.S. data showed the unemployment rate rose by less than expected, albeit to a 26-year high.

Bloated inventories and the risk of a price slide will trouble OPEC ministers when they meet in Vienna next week, but oil at close to $70 a barrel is expected to convince the group to hold output steady for now.

Bloated inventories and the risk of a price slide will trouble OPEC ministers when they meet in Vienna next week, but oil at close to $70 a barrel is expected to convince the group to hold output steady for now.