[Sep 5, 2007]
FOCUS Oil prices to remain high even if OPEC...

But analysts believe that even if the cartel begins drip feeding oil to consumers, the price of a barrel of crude, which is currently just some 3 ... He noted also that OPEC - supplier of more than a third of the world's crude oil - itself believes there's going to be a global stock draw in the ...

[Sep 9, 2007]
Oil falls to mid-US$76 level on profit taking

SINGAPORE: Oil prices dropped Monday as traders took profit from the rise in crude futures last week on worries about global supplies. ... But analysts say the cartel, which produces about 40 percent of the world's oil, could be forced into action if rising crude oil prices start having a ...

[Sep 12, 2007]
Oil prices reach $80 a barrel for first time...

That is why oil prices are rising despite OPEC's decision on Tuesday to boost crude production by 500000 barrels per day this fall, analysts said. ... In its weekly report on petroleum inventories, the EIA said crude oil supplies fell by 7.1 million barrels in the week ended Sept. ...

[Sep 14, 2007]
Crude Oil Price Closes Above $80

Traders at the Mercantile Exchange in New York watched the price of crude oil close past the $80 mark for the first time on Thursday. Analysts worried that bad weather could drive the price higher. By CLIFFORD KRAUSS. HOUSTON, Sept. 13 — Crude oil closed above $80 a barrel for the first time on ...

[Sep 18, 2007]
Oil rises to new intraday record above US$81 on...

In London, October Brent crude was down 31 cents at US$76.67 a barrel on the ICE futures exchange. Heating oil futures was practically unchanged at US$2.2286 a gallon (3.8 liters) while gasoline prices fell 0.27 cents to US$2.0415 a gallon. Natural gas futures dropped 19.1 cents to US$6.462 per ...

[Sep 20, 2007]
Where Crude Goes Now May Depend on Dollar;

The further that crude pushes into new territory, the greater the risk that a price shock might damage the global economy. Oil costs can affect everything from transportation costs to consumer spending and retail sales. Oil prices that rise too far could trigger a consumption decline either as a ...

[Sep 20, 2007]
Thomson Financial Europe AM at a glance share...

OIL: Oil rose even further after the US data revealed a steeper-than-expected fall in crude inventories. METALS: Gold continued higher in early Wednesday afternoon trade as the dollar continued to languish against the euro after the Fed decision to cut US interest rates. ...

[Sep 24, 2007]
Oil falls as storm threat fades, some see recent...

The general idea that 80 usd per barrel crude oil may not be sustainable and that the projected fourth quarter supply/demand deficit may not be that bad was depressing oil prices today, said Citigroup (nyse: C - news - people ) analyst Tim Evans. 'This...could be the start of a larger cycle of ...

[Sep 26, 2007]
Crude erases losses to close higher in late rally

NEW YORK (MarketWatch) -- Crude-oil futures recovered from sharp losses to close with gains in a late-session rally Wednesday, ... Crude oil for November delivery rose 77 cents to end at $80.30 a barrel on the New York Mercantile Exchange, recovering from an earlier intraday low of $78.45. ...

[Sep 28, 2007]
Fundamentals Feed Crude-Oil Bulls

By Jim Wyckoff. Crude oil futures on the New York Mercantile Exchange are bearing down on $85 a barrel as prices on Friday set another fresh contract high nearing $84. Fresh bullish fundamental inputs continue to stoke the bullish fire in the liquid energy markets. The newest bullish fundamental ...