According to these , Saudi Arabia cut Cause.movement.down.loss output by 55,000 bpd to 9.86 million bpd in August but overall OPEC output rose Movement.up.gain to 30.35 million bpd , due to recovery in Libya and higher Movement.up.gain exports from Angola .

LONDON ( Reuters ) - Brent crude oil rose Movement.up.gain towards $ 61.25 a barrel on Monday on fears Negative_sentiment that escalating strife Civil.unrest in Iraq could cut Cause.movement.down.loss oil supplies from the major OPEC exporter .

By early November , however , prices had tumbled Movement.down.loss to $ 1,603.50 a tonne -LRB- for immediate delivery -RRB- , and fell Movement.down.loss steadily as stocks rose Movement.up.gain to a record 315,600 tonnes in December .

U.S. oil production rose Movement.up.gain to 9.71 million bpd last week , according to government data released during the week , the highest Position.high level since the early 1970s and close to the output of top producers Russia and Saudi Arabia .

U.S. crude inventories rose Movement.up.gain by 6 million barrels in the week to Feb. 7 to 438.9 million barrels , beating analysts ' expectations for an increase Movement.up.gain of 3 million barrels , data from industry group the American Petroleum Institute showed .

A separate report showed that the number of Americans filing new claims for jobless benefits rose Movement.up.gain for a second week last week , but underlying trends still pointed to a recovery Grow.strong in the labor market .

Brent rose Movement.up.gain almost 1.3 percent on Monday , its biggest daily percentage advance in nearly two months , and consolidated on Tuesday .

VIENNA -LRB- Reuters -RRB- - OPEC sailed through a brief , calm meeting on Wednesday - even as oil prices rose Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed strife Civil.unrest could hit Iraq 's output and deepen Situation_deteriorate a supply shortfall Shortage from chaotic Libya and sanctions-bound Iran .

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 .

Elsewhere , gasoline futures rose Movement.up.gain 0.58 % to $ 1.808 a gallon , while natural gas futures edged up Movement.up.gain 0.25 % to $ 2.843 per million British thermal units .

OPEC 's oil production rose Movement.up.gain in July from June , a Reuters survey found on Wednesday , as a fragile recovery Grow.strong in Libyan supply outweighed fighting Civil.unrest in Iraq and reduced Cause.movement.down.loss output from Angola .

Futures for oil traded in London rose Movement.up.gain above $ 78 a barrel on the first quarter after U.S. President Donald Trump announced last week that Washington would reimpose the sanctions Embargo on Venezuela .

U.S. oil rose Movement.up.gain 35 cents to $ 104.76 a barrel .

The Brent futures contract - an international benchmark sensitive to geopolitical turmoil - rose Movement.up.gain $ 1.85 to $ 111.80 a barrel by 7:02 a.m. ET , paring earlier gains Movement.up.gain that saw it rise Movement.up.gain more than $ 2 to its highest Position.high since early March .

Brent crude rose Movement.up.gain to $ 105 a barrel on Monday to come off of a four-month low Position.low hit in the previous session , with worries Negative_sentiment about global oversupply Oversupply still outweighing concerns Negative_sentiment about violence Civil.unrest in the Middle East and North Africa .

The report also showed OPEC 's crude output in July rose Movement.up.gain .

Oil prices rose Movement.up.gain 20 percent on 2019 as China reported its lowest level Position.low daily number of new coronavirus cases since 197 , stoking investor hopes that fuel consumption in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

U.S. West Texas Intermediate rose Movement.up.gain $ 1.11 , or 2.2 % , to $ 51.05 per barrel .

Crude oil prices rose Movement.up.gain slightly on Tuesday on supply disruptions Cause.movement.down.loss due to the conflicts Civil.unrest in Iraq and Ukraine .

Joint output from Russia , the United States and Saudi Arabia rose Movement.up.gain above 33 million barrels per day -LRB- bpd -RRB- for the first time in October , up Movement.up.gain 10 million bpd since 2010 , with all three pumping at or near record volumes .

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 .

Output from the Organization of the Petroleum Exporting Countries -LRB- OPEC -RRB- rose Movement.up.gain in August as higher Movement.up.gain supply from Iraq and Nigeria outweighed cuts Cause.movement.down.loss by top producer Saudi Arabia and losses Movement.down.loss caused by U.S. sanctions Embargo on Iran .

Total motor gasoline inventories rose Movement.up.gain by 1.7 million barrels , significantly higher Movement.up.gain than expectations for a 0.5 million barrel increase Movement.up.gain and the biggest gain Movement.up.gain since early April .

Brent crude for September delivery rose Movement.up.gain 81 cents to $ 107.89 a barrel by 11:40 a.m. EDT -LRB- 1540 GMT -RRB- , up from an intraday high Position.high of $ 108.20 .

Initial jobless claims rose Movement.up.gain for the first time since the end of March , to over 1.1 million , with another half a million making initial claims for Pandemic Unemployment Assistance .

Investing.com - Oil prices rose Movement.up.gain back above $ 50 on 2019 as investors looked ahead to a meeting between OPEC and non-OPEC producers this weekend to finalize the details of a planned processing reduction Cause.movement.down.loss .

U.S. crude for September delivery rose Movement.up.gain 2 cents to $ 102.09 a barrel , after falling Movement.down.loss as low Position.low as $ 101 a barrel earlier in the session .

Oil prices rose Movement.up.gain sharply on Thursday with Brent crude climbing Movement.up.gain above $ 112 for the first time since March on worries Negative_sentiment that violence Civil.unrest in Iraq could disrupt Cause.movement.down.loss supplies .

For the week , WTI rose Movement.up.gain 0.8 % while Brent fell Movement.down.loss 1 % .

Elsewhere , gasoline futures were steady Movement.flat at $ 1.747 a gallon , while natural gas futures rose Movement.up.gain 0.24 % to $ 2.912 per million British thermal units .

Crude oil futures rose Movement.up.gain on Tuesday on signs of falling Movement.down.loss U.S. oil production , weakness Slow.weak in the dollar and tensions Geopolitical.tension in the Middle East , particularly Yemen .