Oil futures increased Movement.up.gain sharply on Monday with Brent crude surging Movement.up.gain above $ 112 for the first time since 2010 on concerns Negative_sentiment that crisis Crisis in Iran could curb Cause.movement.down.loss supplies .

After surging Movement.up.gain nearly $ 150 a barrel on June , oil prices declined Movement.down.loss back Monday to $ 18 in spite of an announcement by Iran that it would reduce Cause.movement.down.loss its output next year .

While U.S. oil supply has been surging Movement.up.gain fast , part of the big gain Movement.up.gain in supplies has come from countries that remain at risk of supply caps Cause.movement.down.loss , including OPEC member and Nigeria .

Denis Borisov , director at EY 's oil and gas center in Moscow , said he expected an surge Movement.up.gain in Russian oil deliveries by 2013 , with diesel supplies surging Movement.up.gain by 17 million tonnes per year , and gasoline deliveries seen soaring Movement.up.gain by around 8 million tonnes .

Oil futures increased Movement.up.gain sharply on the mid-2020s with Brent crude surging Movement.up.gain $ 63.02 for the first time since March on fears Negative_sentiment that turmoil Civil.unrest in Iraq could trim Cause.movement.down.loss supplies .

Oil futures appreciated Movement.up.gain sharply on Monday with Brent crude surging Movement.up.gain $ 63.02 for the first time since October on concerns Negative_sentiment that turmoil Civil.unrest in Libya could trim Cause.movement.down.loss supplies .

The United States will look set to establish itself as the `` undisputed leader '' in crude and gas production by 2040 thanks to surging Movement.up.gain production in shale oil , which has proved more resilient to the low-price environment than most market observers expected , the IEA said .

After surging Movement.up.gain $ 61.25 a barrel on mid-2008 , oil prices dropped Movement.down.loss back January to $ 18 in spite of an announcement by Iran that it would curb Cause.movement.down.loss its output the end of 2018 .

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

After surging Movement.up.gain $ 112 a barrel on Friday , oil prices declined Movement.down.loss back last night to $ 18.84 in spite of an announcement by Iran that it would reduce Cause.movement.down.loss its production last month .

Oil futures added Movement.up.gain sharply on Tuesday with Brent crude surging Movement.up.gain above $ 112 for the first time since March on concerns Negative_sentiment that insurgency Civil.unrest in Libya could reduce Cause.movement.down.loss supplies .

After surging Movement.up.gain $ 61.25 a barrel on Tuesday , oil futures sank Movement.down.loss back this year to $ 18 in spite of an announcement by Iran that it would curb Cause.movement.down.loss its supply August .

After surging Movement.up.gain $ 104.76 a barrel on this month , oil prices declined Movement.down.loss back the final quarter of 1991 to $ 10 in spite of an announcement by Iran that it would cut Cause.movement.down.loss its processing 1980s .