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World crude oil prices fell further on Monday as traders' attention turned to this week's OPEC cartel output meeting and forecasts of warmer weather in the United States.
A man refuels his car in MiamiA man refuels his car in Miami, Florida, 8 March. World crude oil prices rebounded on Tuesday after the International Energy Agency had warned that falling inventories of oil could put upward pressure on prices in coming months.
A service station employee fills a car with petrolA service station employee fills a car with petrol. World oil prices rebounded on Monday, reaching almost 61 dollars a barrel in London trade, as stock markets firmed and a closely-watched report forecast a jump in crude futures in coming months.
World oil prices struck the highest points so far in 2007, nearing 64 dollars a barrel in London on Monday as the market fretted over rising tensions in major crude producer Iran, traders said.
World oil prices Monday struck the highest points so far in 2007, reaching above 64 dollars a barrel in London, as the market fretted over rising tensions in major crude producer Iran, traders said.
World oil prices dipped Tuesday after a surge towards 65 dollars a barrel in London amid political tensions over Iran.
Oil prices soared on Wednesday after Britain froze ties with Iran, the world's fourth largest producer of crude, in response to the Islamic country's refusal to release 15 British sailors.
World oil prices fell Monday but remained close to seven-month highs on supply concerns caused by the Britain-Iran crisis and a kidnapping in Nigeria, Africa's biggest crude producer, traders said.
World oil prices rose on Monday, trading at seven-month highs above 68 dollars a barrel in London, on supply concerns caused by the Britain-Iran sailor crisis, traders said.
World oil prices fell slightly on Tuesday, as major crude producer Iran signalled that progress had been made in trying to end its standoff with Britain over Tehran's capture of 15 British sailors.
Oil prices fell on profit-taking in Asian trade Monday after the end of the two-week standoff between Britain and key crude producer Iran over 15 captured British sailors, dealers said.