Oil down on profit taking

(Reuters) - U.S. crude for September delivery fell 32 cents to $76.70 a barrel in Globex electronic trading by 0130 GMT, trimming just a whisker of Friday's $2.07 or 2.76 percent surge that took oil to just one cent shy of its record-high settlement price of $77.03, marked on July 14, 2006.




London's Brent crude , which lagged the U.S. market with a gain of $1.08 on Friday, fell 44 cents to $75.82 after reverting last week to trade below U.S. crude, on signs of lower crude stocks in Oklahoma and recovering North Sea oil production.


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Oil rises to $77 on increased US refinery demand

(Reuters) - Oil climbed to $77 and U.S. crude hit its highest in almost a year on Thursday on increasing demand from refiners in the world's top consumer.

At one point the rally lifted U.S. oil above London Brent for the first time since February, based on closing prices.


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Oil dips as higher U.S. fuel production seen

(Reuters) - London Brent crude , currently seen as more representative of the world market, eased 16 cents to $76.70 a barrel by 0756 GMT, after falling 78 cents on Monday. U.S. crude slid 26 cents to $74.63 after a 90-cent slide on Monday.




U.S. crude stocks are expected to have dropped last week as refinery usage increased sharply, with refiners ramping up production to offset worries over summer fuel supplies, a preliminary Reuters poll of industry analysts showed.


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Oil dips as higher US fuel production seen

(Reuters) - Oil prices fell for a third day on Tuesday on expectations of rising fuel stockpiles in the United States and after OPEC vowed to pump more crude if needed.

London Brent crude, currently seen as more representative of the world market, slid 18 cents to $76.68 a barrel by 0354 GMT, after falling 78 cents on Monday. U.S. crude eased 24 cents to $74.65 after a 90-cent slide on Monday.


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Most U.S. Stocks Fall, Led By Energy Shares After Oil Drops; Exxon Falls

(Bloomberg) -- Most U.S. stocks fell as a drop in
oil prices sent drillers' shares lower after the Dow Jones
Industrial Average flirted with 14,000 for the first time.

Exxon Mobil Corp., the world's largest oil company, and
Chevron Corp., the second-biggest U.S. crude producer,
declined. Johnson & Johnson dropped 1.7 percent and helped pare
the Dow's gain after reducing its sales forecast for the year.


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GLOBAL MARKETS-U.S. stocks turn up, bonds slide

(Reuters) - NEW YORK, July 11 - U.S. stocks regained their
footing on Wednesday, as a scarcity of profit warnings sparked
hopes corporations would turn in solid quarterly reports, but
the upswing hurt bonds.




The first drop in U.S. crude oil supplies in six weeks and
a decision by Lehman Brothers to boost its share price target
for Exxon Mobile Corp. helped lift the oil giant's
shares 0.9 percent to $87.29.


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Oil slides 1 pct after Nigerian strike ends

(Reuters) - U.S. crude fell 69 cents to $68.45, unwinding half of last week's gains that were also fuelled by concerns U.S. refiners are struggling to meet fuel demand in the world's top consumer.




At the weekend, unions in Africa's top oil producer called off their strike after the government agreed to freeze fuel prices for a year.


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US STOCKS-Wall St advances on energy, growth expectations

(Reuters) - NEW YORK, June 14 - U.S. stocks rose on Thursday
as energy shares, including Exxon Mobil Corp. , rose in
sync with oil prices, countering a drop in financial shares
after Bear Stearns posted a drop in quarterly profit.




Exxon shares led advances on both the Dow and the S&P 500
as U.S. crude for July delivery rose 1.2 percent to
$67.08 a barrel on fresh supply concerns.


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