Oil climbs to near $72 in midday European trade as dollar falls, OPEC keeps output unchanged

LONDON — Oil prices rose to almost $72 a barrel Thursday, helped by a weaker U.S. dollar, steady OPEC production levels and a new report predicting a less severe slump this year in global oil demand.

Oil extends gains on weakening dollar as investors eye OPEC meeting

Oil prices finished higher for a second straight day Wednesday on continued weakening of the U.S. dollar and as investors awaited the outcome of an OPEC meeting that is expected to result in no change in production levels.

OPEC leaves its crude output targets unchanged, citing oversupply and slow economic recovery

VIENNA — OPEC is leaving its production quotas unchanged, opting to take a cautious approach in a market awash in crude and a global economy still in the early stages of recovery.

Oil continues to push higher on weakening dollar as investors eye OPEC meeting

Oil prices pushed higher for a second straight day Wednesday on continued weakening of the U.S. dollar and as investors awaited the outcome of an OPEC meeting that is expected to result in no change in production levels.

Oil hovers above $71 in afternoon European trade as investors eye weaker dollar, OPEC meeting

Oil prices hovered above $71 a barrel Wednesday after a weakening U.S. dollar sent crude soaring overnight and as an OPEC meeting was expected to announce no change in production levels.

With world awash in crude, OPEC focuses on tougher compliance with its production targets

VIENNA — OPEC appeared poised to hold oil production quotas unchanged Wednesday, with its ministers voicing satisfaction with current global crude prices.

Kuwaiti oil minister says OPEC production target revision not needed now

VIENNA — Kuwait’s oil minister says OPEC’s markets monitoring committee will recommend the 12-member producer group keep its output targets unchanged when it meets Wednesday.

Oil hovers near $71 in Asia as investors eye weakening US dollar, OPEC meeting

Oil prices hovered near $71 a barrel Wednesday after a weakening U.S. dollar sent crude soaring overnight and as an OPEC meeting was expected to announce no change in production levels.

Oil shoots above $71 as weak dollar, strong stocks boost commodities

Crude prices settled above $71 a barrel Tuesday as a falling dollar pushed investors to seek out commodities such as oil and gold.

Oil shoots above $70 as weak dollar, strong stocks boost commodities

Crude prices shot above $70 a barrel Tuesday as a falling dollar pushed investors to seek out commodities such as oil and gold.

Oil rises to above $70 in afternoon European trade on rising stocks, weaker dollar

Oil prices gained over $2 Tuesday, surging past $70 a barrel Tuesday on rising stock markets and investor interest in commodities as the U.S. dollar lost ground against other currencies.

Oil rises to near $70 in afternoon European trade on rising stocks, weaker dollar

Oil prices rose to near $70 a barrel Tuesday, buoyed by rising stock markets and investor interest in commodities as the U.S. dollar lost ground against other currencies.

OPEC meeting: Saudi oil minister says crude markets ‘in good shape,’ output cut seen unlikely

VIENNA — Saudi Arabia’s oil minister said Tuesday that crude markets were “in good shape,” boosting expectations OPEC will use its meeting this week to stress member compliance with output quotas — instead of cutting production.

Oil rises near $69 in afternoon European trading ahead of this week’s OPEC meeting

Oil prices climbed to near $69 a barrel Monday, helped by rising equity markets, a weaker U.S. dollar and expectations that OPEC will keep its members’ output levels steady at this week’s meeting.

Oil steady near $68 in Asia for fourth day ahead of this week’s OPEC meeting

Oil prices stayed near $68 a barrel for the fourth straight day on Monday as OPEC was expected to keep its members’ output levels steady at this week’s meeting.

With oil prices settling in, OPEC not expected to cut crude output

VIENNA — With oil prices about where OPEC wants them and a modest economic upturn in the offing, the oil cartel isn’t likely to tighten the taps when its leaders meet this week in Vienna.

AP News in Brief

Obama says he’ll accept Nobel Peace Prize as ‘call to action’ toward peace and prosperity