OPEC

Oil settled nearly 9 percent higher on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.

Oil rose over 7 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.

Oil rose over 6 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.

U.S. crude oil futures extended their gains to above $45 on Wednesday after stocks of crude in the United States declined unexpectedly and demand for gasoline rose.

U.S. crude oil futures jumped more than $2 to above $43 per barrel on Wednesday, after an oil leak and fire on a Russian pipeline disrupted exports.

U.S. crude oil futures jumped more than $1 toward $43 per barrel on Wednesday, supported by better economic news from China and expectations by some traders that OPEC oil producers may further cut output.

Oil edged up toward $42 on Wednesday, after surging nearly 4 percent overnight, on a brightening outlook for China's economy and in anticipation that producer group OPEC would cut supply further at its next meeting.

Oil edged down toward $41 on Wednesday, after surging nearly 4 percent overnight in anticipation that producer group OPEC would cut supply further at its next meeting.

Oil prices rose nearly 4 percent on Tuesday on expectations producer group OPEC will cut output again and as stock markets traded higher.

Oil prices rose nearly 4 percent on Tuesday on expectations producer group OPEC will cut output again and as stock markets traded higher.

Oil rose slightly on Tuesday after slumping 10 percent in the previous session, but showed little sign of a strong recovery as falling crude demand overshadowed OPEC's production cuts.

Oil rose by more than $1 on Tuesday after slumping 10 percent slump in the previous session, but showed little sign of a strong recovery as falling crude demand overshadowed OPEC's production cuts.

Oil rose above $40 a barrel on Tuesday after a 10 percent slump on Monday but showed no sign of a return to last week's bull run as global equities extended a fall on worries about the global economy and outweighed OPEC's strong compliance with supply curbs.

Oil hovered above $40 a barrel on Tuesday, after slumping 10 percent overnight as the deepening global recession threatened to crimp energy demand further, outweighing OPEC's strong compliance with supply curbs.

Recent comments by U.S. Energy Secretary Steven Chu appear to mark a radical shift in U.S. energy policy away from its focus on OPEC and oil supply and toward an agenda of trimming petroleum demand and promoting renewable energy at home.

Oil prices dropped nearly 10 percent on Monday as a deteriorating world economy threatened to cut further into fuel consumption, outweighing OPEC's strong compliance with supply curbs.

Oil prices dropped more than 10 percent on Monday as a deteriorating world economy threatened to cut further into fuel consumption and made OPEC's tight compliance with supply curbs look insufficient.

Oil fell below $41 Monday as a deteriorating world economy threatened to cut further into fuel consumption and made OPEC's tight compliance with supply curbs look insufficient.

Oil fell more than $3 a barrel to below $42 on Monday as a deteriorating world economy threatened to cut further into fuel consumption and made OPEC's tight compliance with supply curbs look insufficient.

Oil fell more than $2 a barrel to below $43 on Monday as a deteriorating world economy threatened to cut further into fuel consumption and made OPEC's tight compliance with supply curbs look insufficient.

Oil prices fell 1 percent on Friday, pulled lower by U.S. data showing the economy of the world's largest energy consumer shrank more than expected in the final three months of 2008.