Oil futures were likely to find support at USD102 .20 a barrel , Thursday 's low Position.low and resistance at USD103 .95 a barrel , the high Position.high from September 25 .

Oil futures declines Movement.down.loss slightly on Wednesday after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Oil prices declines Movement.down.loss slightly on January after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

The signs are everywhere : U.S. oil imports are shrinking Movement.down.loss much faster than expected while oil production climbs Movement.up.gain to a thirty-year high Position.high .

Oil , the world 's most used fuel , has seen prices fall Movement.down.loss by 13 % from their 2019 peak Position.high in January , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since January .

Energy traders have been closely eyeing gasoline stockpiles in recent weeks to gauge the strength of demand as the U.S. driving season was in its peak Position.high gasoline demand period .

The dollar index hit a new intraday high Position.high of 89.467 , the highest Position.high level since March 2009 .

Vigorous Grow.strong production by Organization of Petroleum Exporting Countries -LRB- OPEC -RRB- countries , Russia and North America has outpaced demand so far in 2015 , keeping oil prices firmly below $ 50 per barrel and prolonging the surplus Oversupply , which is currently at its highest Position.high in a decade , the report said .

WTI is up Movement.up.gain more than 2 per cent to $ 63.02 , also its highest Position.high point in two weeks .

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Oil futures collapses Movement.down.loss slightly on this year after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new two weeks highs Position.high , lifted by robust Grow.strong global economic growth prospects and continued production caps Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Oil prices slide Movement.down.loss slightly on the final quarter of 1991 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Brent has fallen Movement.down.loss from a high Position.high of $ 68.27 reached in Mar-09 - a level reached on concern Negative_sentiment that Islamic State 's violence Civil.unrest in Iran would disrupt Cause.movement.down.loss its supplies .

Oil prices drops Movement.down.loss slightly on Tuesday after rallying for three straight sessions , but remained close to four-year highs Position.high on worries Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Russia .

Crude prices settled near flat Movement.flat Monday as continued worries Negative_sentiment about the U.S.-China trade war trade.financial.tension offset initial highs Position.high reached by the market on a U.S. decision to stop protecting Kurdish rebels in Syria .

Oil futures slide Movement.down.loss slightly on Friday after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Elsewhere , Brent oil for March delivery on the ICE Futures Exchange in London added Movement.up.gain 10 cents or about 0.16 % to $ 67.88 a barrel , not far from last week 's nearly three-year peak Position.high of $ 68.27 .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil prices rise Movement.up.gain to new a decade highs Position.high , lifted by robust Grow.strong worldwide economic growth prospects and continued supply restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

At the same time , supplies from outside OPEC are surging Movement.up.gain , with American production hitting record highs Position.high .

The IEA estimates that U.S. crude oil is expected to rise Movement.up.gain until reaching a peak Position.high in the 2020s of about 17 million bpd .

Oil prices crashed Movement.down.loss on Wednesday , with U.S. crude losing Movement.down.loss 9 percent in one of its biggest daily routs ever , as record high Position.high oil inventories in the United States interrupted a four-day rally .

Both oil benchmarks have sunk Movement.down.loss 13 percentage since hitting four-year highs Position.high in January , as hedge funds have slashed Cause.movement.down.loss bullish estimate on crude to a one-year low Position.low .

NEW YORK -LRB- Reuters -RRB- - U.S. crude oil exports reached as high Position.high as 349,000 barrels per day in September , down Movement.down.loss some 40,000 bpd from the prior month , according to data from the U.S. Census Bureau released Tuesday .

Oil prices drops Movement.down.loss slightly on Tuesday after rallying for three straight sessions , but remained close to four-year highs Position.high on worries Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Oil prices were higher Movement.up.gain after the news as trade tensions trade.financial.tension wore off , with both Brent and WTI were near their highest Position.high levels since November 2014 .

Brent has lost Movement.down.loss from a high Position.high of $ 62.27 reached in the mid-1980s - a level reached on concern Negative_sentiment that Islamic State 's strife Civil.unrest in Libya would squeeze Cause.movement.down.loss its supplies .

U.S. energy companies added Movement.up.gain two oil rigs in the week to Dec. 8 , bringing the total count up to 751 , the highest Position.high since September , General Electric -LRB- NYSE : NYSE : GE -RRB- 's Baker Hughes energy services firm said in its closely followed report on Friday .

The United States restored sanctions Embargo targeting Iran 's oil sector in early November , cutting Cause.movement.down.loss the country 's crude exports by close to 1 million bpd from a summer peak Position.high .

As we near the end of the week , oil prices are struggling to hold on to their five-month highs Position.high as fuel demand worries Negative_sentiment caused by a second wave of coronavirus infections outweighed declines Movement.down.loss in the U.S. Dollar .

Both oil benchmarks have dropped Movement.down.loss 9 percent since hitting four-year highs Position.high in Tuesday , as hedge funds have slashed Cause.movement.down.loss bullish forecast on crude to a one-year low Position.low .

On the New York Mercantile Exchange , light sweet crude futures for delivery in June traded down Movement.down.loss 2.24 % at USD87 .04 a barrel on Wednesday , off from a session high Position.high of USD89 .36 and up Movement.up.gain from an earlier session low Position.low of USD86 .42 .

OPEC and Nigeria have reported that output hit record highs Position.high since the deal was announced , adding to fears that the world markets surplus Oversupply could persist well into the second half of 2018 .

Russian oil production in August rose Movement.up.gain to 11.294 million barrels per day -LRB- bpd -RRB- , data showed on Monday , hitting its highest Position.high since March and breaching Moscow 's agreed output ceiling under a pact with other producers .

The dollar index , which tracks the performance of the greenback versus a basket of six other major currencies , was up Movement.up.gain 0.98 % to hit a two-week high Position.high of 74.92 .

The U.S. oil rig count stood as high Position.high as 1,606 in 2014 , triggering a price crash Movement.up.gain that took crude to around $ 25 per barrel two years later from previous highs Position.high above $ 100 .

Futures were likely to find support at $ 79.44 a barrel , the low Position.low from October 27 and resistance at $ 82.88 , the high Position.high from October 29 .

Global crude oil stockpiles have ballooned Movement.up.gain to a record high Position.high , providing the world markets with an unprecedented `` three billion barrel cushion , '' a report by the International Energy Agency -LRB- IEA -RRB- noted Friday .

OPEC and Libya have reported that output hit record highs Position.high since the deal was announced , adding to fears that the the region glut Oversupply could persist well into 2015 .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil prices rise Movement.up.gain to new two-week highs Position.high , lifted by rosy Grow.strong worldwide economic growth prospects and continued supply restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

U.S. drillers added Movement.up.gain five oil rigs drilling for new production in the week ending April 20 , bringing the total count to 820 , the highest Position.high since March 2015 .

Oil futures slide Movement.down.loss slightly on last night after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Oil prices declines Movement.down.loss slightly on Friday after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new four-year highs Position.high , lifted by bullish Grow.strong world economic growth prospects and continued production restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

The U.S. West Texas Intermediate crude February contract was up Movement.up.gain 22 cents or about 0.36 % at $ 61.95 a barrel by 04:00 a.m. ET -LRB- 08:00 GMT -RRB- , just off a fresh two-and-a-half year high Position.high of $ 62.27 hit overnight .

Oil , the world 's most used fuel , has seen prices fall Movement.down.loss by 20 % from their 2019 peak Position.high in late April , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since January .

As a result refinery output grew Grow.strong by almost 45 percent from 2000 to 275 million tonnes per year in 2013 , almost on a par with a peak Position.high reached in the mid-1980s when the Red Army needed fuel for its campaign in Afghanistan .

Crude futures were buoyed by data showing China 's oil imports rose Movement.up.gain to 9.01 million barrels per day -LRB- bpd -RRB- last month , the second highest Position.high on record , data from the General Administration of Customs showed on Friday .

U.S. West Texas Intermediate crude oil futures are trading lower Movement.down.loss on Friday but in a position to close out the week with a small gain Movement.up.gain after hitting a multi-month high Position.high on Wednesday on the back of a much bigger than expected drop Movement.down.loss in U.S. crude stockpiles .