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Oil steadies above $56

Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.

Oil falls below $58 on dollar, weak demand

The U.S. oil price fell almost $1 to below $58 on Friday, pressured by weak demand and as the U.S. dollar firmed against the euro.

Oil falls towards $58 on dollar, weak demand

The U.S. oil price fell toward $58 on Friday, pressured by weak demand and as the U.S. dollar firmed against the euro.

Oil edged higher towards $59, equities support

The U.S. oil price firmed slightly toward $59 on Friday as global stock markets rose, although weak demand capped oil's gains.

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Gulf economies to shrink in face of global crisis

The International Monetary Fund slashed its 2009 economic growth forecast for the Gulf region by more than half to 1.3 percent as the three largest oil-exporting economies, including Saudi Arabia, shrink in a global slowdown.

Oil slips as U.S. equities

Oil prices fell marginally on Monday, pressured slightly by weaker equity markets and a firmer dollar.

Oil falls towards $58 on economy fears

Oil fell toward $58 a barrel on Monday, reversing some of the previous session's near 3 percent gains, as investors took profit amid warnings that any global recovery will only be gradual.

Oil hits near 6 month high as U.S. data spurs optimism

Oil rose more than 3 percent on Friday to touch a near six-month high as the results of the U.S. governments stress test for big banks and U.S. jobs data added to optimism about the economy.

Oil closes at six-month high on economic optimism

Oil prices closed at a near six-month high on Thursday amid simmering hopes for an economic recovery that could lift ailing world energy demand.

Oil hits five-month high over $56 on jobs, stocks

Oil prices rose to five month highs above $56 a barrel on Wednesday as a surprise drop in U.S. gasoline inventories and a slowdown in private sector job losses in April boosted hopes for a turnaround in the economy.

Oil settled above $56 on jobs, EIA data

Oil settled above $56 a barrel on Wednesday, as a surprise drop in U.S. gasoline and a slowdown in private sector job losses in April boosted hopes for a turnaround in the economy.

Oil rises to five-week high near $54

Oil prices rose to a five-week high near $54 a barrel on Monday on hopes an easing of the global economic recession would pave the way for a recovery in world energy demand.

Oil rises to one-month high near $54

Oil prices rose to more than a one-month high on Monday on optimism the global economic recession was easing, spelling a potential recovery in world energy demand.

Oil rises as U.S. consumer confidence improves

Oil prices rose more than $2 a barrel on Friday, drawing support from improved U.S. consumer confidence and further evidence of record levels of compliance by OPEC with its agreed output cuts.

Oil rises above $52 as confidence improves

Oil prices rose to a three-week high on Friday, drawing support from improved U.S. consumer confidence and further evidence of record levels of compliance by OPEC with its agreed output cuts.

Oil falls 4 percent as flu threatens air travel

Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel.

Oil price slips as flu threatens air travel

Oil prices fell 1.5 percent on Monday on worries a flu outbreak in Mexico could become a pandemic, hurting the global economy and hindering air travel.

Oil falls below $49, flu pandemic could hurt economy

Oil prices fell nearly 6 percent to below $49 a barrel on Monday, pressured partly by expectations the world economy could suffer another blow if a flu outbreak in Mexico turns out to be the start of a pandemic.

Oil falls over 2 percent on flu fears

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.

Oil falls over 2 percent on swine flu fears

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.

Oil drops over 8 pct on economic outlook, dollar

Oil slid over 8 percent to under $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Oil drops over 7 percent on econ outlook, dollar

Oil slid over 7 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Oil drops nearly 8 percent on econ outlook, dollar

Oil slid nearly 8 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

T. Boone Pickens Sees Oil At $75 At End-Year

Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale back production.

Oil falls back under $50 after surge

Oil fell back below $50 a barrel on Thursday, after surging more than 2 percent as equity markets rallied on signs the U.S. recession was easing, boosting hopes of a demand recovery in world's top energy consumer.