Weekly Breakdown:

Daily Breakdown:

November 30th (Monday) - Oil rises $1.23 to $77.28: Tensions with Iran escalated after the country seized a racing yacht containing five British sailors. This comes a day after Iran announced its intention to build 10 uranium-enrichment plants. In addition, the U.S. dollar fell as worries about a big Dubai debt default eased.

November 27th (Friday) - Oil falls $1.91 to $76.05: Debt default fears in Dubai pushed oil lower as global markets sunk and the U.S. dollar rose.

November 25th (Wednesday) - Oil rises $1.94 to $77.96: U.S. consumer spending and new-home sales rose in October while initial jobless claims fell to a year low in the week ended November 21^st. As a result, the U.S. dollar fell to a 15-month low. In addition, U.S. crude inventories rose a less-than-expected 1 million barrels in the week ended November 20^th. 

November 24th (Tuesday) - Oil falls $1.54 to $76.02: The Commerce Department revised its third-quarter GDP growth figure to 2.8% from an earlier estimate of 3.5%.

November 23rd (Monday) - Oil rises 9 cents to $77.56: The U.S. dollar weakened while global tensions with Iran escalated.

November 20th (Friday) - Oil falls 58 cents to $77.47: The U.S. dollar rose for a second straight session versus the euro.

November 19th (Thursday) - Oil falls $2.12 to $77.46: The U.S. dollar strengthened while equities fell. The index of leading economic indicators rose below expectations.

November 18th (Wednesday) - Oil rises 44 cents to $79.58: The EIA reported that U.S. crude inventories declined 887,000 barrels in the week ended November 13^th.

November 17th (Tuesday) - Oil rises 24 cents to $79.14: Speculation that demand will improve overshadowed a stronger dollar. 

November 16th (Monday) - Oil rises $2.55 to $78.90: U.S. retail sales rose a better-than-expected 1.4% in October. As a result, the U.S. dollar slid to a 15-month low while the Dow jumped 136 points.

November 13th (Friday) - Oil falls 59 cents to $76.35: Demand concerns carried over from yesterday.

November 12th (Thursday) - Oil falls $2.34 to $76.94: The EIA reported that U.S. crude inventories rose 1.8 million barrels and gasoline inventories surged 2.56 million barrels in the week ended November 6th.

November 11th (Wednesday) - Oil rises 23 cents to $79.28: Chinese crude imports climbed in October to the second-highest level ever.

November 10th (Tuesday) - Oil falls 38 cents to $79.05: Fear over tropical storm Ida subsided as it made landfall in Alabama this morning.

November 9th (Monday) - Oil rises $2.00 to $79.43: 30 percent of U.S. offshore oil production was shut down due to tropical storm Ida. In addition, the Dow rallied 2% while the dollar dropped to a two-week low against the euro.

November 6th (Friday) - Oil falls $2.19 to $77.43: The U.S. unemployment rate rose to a new 26-year high of 10.2%.

November 5th (Thursday) - Oil falls 78 cents to $79.62: Demand worries loomed as U.S. net crude imports slumped 8.6% in the week ended October 30^th.

November 4th (Wednesday) - Oil rises 80 cents to $80.40: The EIA reported that U.S. crude inventories unexpectedly dropped by 3.9 million barrels in the week ended October 30^th.

November 3rd (Tuesday) - Oil rises $1.47 to $79.60: The Commerce Department reported that orders for U.S. manufactured goods increased by a seasonally adjusted 0.9% in September. In addition, the price of gold surged to an all-time high.

November 2nd (Monday) - Oil rises $1.13 to $78.13: The U.S. manufacturing sector grew in October for the third straight month. HSBC’s China Purchasing Managers’ Index also rose in October for the seventh straight month. 

October 30th (Friday) - Oil falls $2.87 to $77.00: U.S. consumer spending fell 0.5% in September, the first fall in five months. October consumer sentiment also slipped to 70.6 from 73.5 in September.

October 29th (Thursday) - Oil rises $2.41 to $79.87: The U.S. economy returned to growth in the third quarter. GDP grew at a rate of 3.5%, beating analysts’ expectations by 0.3%.

October 28th (Wednesday) - Oil falls $2.09 to $77.46: The EIA reported that U.S. gasoline inventories unexpectedly rose 1.7 million barrels in the week ended October 23^rd.

October 27th (Tuesday) - Oil rises 87 cents to $79.55: Gasoline and distillate inventories are expected to decline by approximately 1 million barrels in the week ended October 23^rd.

October 26th (Monday) - Oil falls $1.82 to $78.68: Caterpillar announced plans to permanently cut 2,500 jobs. In addition, the U.S. dollar rose while the Dow fell over 100 points.

October 23rd (Friday) - Oil falls 69 cents to $80.50: Industrial companies such as Schlumberger and Broadcom reported disappointing third quarter earnings while the U.S. dollar rose.

October 22nd (Thursday) - Oil falls 18 cents to $81.19: The number of American workers filing new jobless claims rose by 11,000 in the week ended October 17th. In addition, the U.S. dollar rose.

October 21st (Wednesday) - Oil rises $2.25 to $81.37: The EIA reported that U.S. gasoline inventories fell by 2.2 million barrels in the week ended October 16^th. In addition, the U.S. dollar fell.

October 20th (Tuesday) - Oil falls 84 cents to $79.12: The U.S. dollar rebounded from its 14^th month low against the euro.

October 19th (Monday) - Oil rises $1.08 to $79.61: U.S. stocks jumped ~1% on better than expected earnings results. So far, 79% of companies’ earnings have been above analysts’ expectations.

October 16th (Friday) - Oil rises 95 cents to $78.53: Federal Reserve data showed U.S. industrial production rose in September for a third consecutive month. Production rose 0.7% compared to an average analyst estimate of 0.2%.

October 15th (Thursday) - Oil rises $2.40 to $77.58: The EIA reported a 5.2 million barrel drop in U.S. gasoline inventories in the week ended October 9^th. In addition, U.S. crude inventories rose a less than expected 400,000 barrels.

October 14th (Wednesday) - Oil rises $1.03 to $75.18: The Dow broke through the 10,000 point mark for the first time in a year. The US dollar index plunged to a new 14-month low.

October 13th (Tuesday) - Oil rises 88 cents to $74.15: The US dollar index hit a 14-month low.

October 12th (Monday) - Oil rises $1.50 cents to $73.27: Oil rose to a six-week high on speculation that corporate earnings will be strong this coming week. In addition, the US dollar index fell. The US has also been experiencing an early start to the cold weather which may cause oil demand to rise.

October 9th (Friday) - Oil rises 8 cents to $71.77: The IEA said in a monthly report that world oil demand will recover at a quicker pace than previously expected for the rest of 2009 and in 2010 as the economy picks up. However, gains were limited by a rising dollar.

October 8th (Thursday) - Oil rises $2.12 to $71.69: The dollar index fell near its one-year low. In addition, the Labor Department said initial claims for state unemployment benefits fell by a better-than-expected 33,000 to a seasonally adjusted 521,000 in the week ended Oct. 3.

October 7th (Wednesday) - Oil falls $1.31 to $69.57: The EIA reported that gasoline inventories increased by 2.9 million barrels in the week ended Oct. 2nd, more than doubling analysts' expectations of a 1.3 million-barrel increase. In addition, distillates rose 700,000 barrels, above analysts’ expectations of a 400,000 barrel increase.

October 6th (Tuesday) - Oil rises 47 cents to $70.88: The dollar fell after the Reserve Bank of Australia became the first G20 central bank to raise interest rates. The dollar also fell on a media report, later denied, that Gulf Arab states were in talks to abandon the U.S. currency in oil trade. 

October 5th (Monday) - Oil rises 46 cents to $70.41: The Institute for Supply Management said its service index rose to 50.9 in September from 48.4 in August. The index hadn’t grown since August 2008. The Dow responded with a 112-point gain.

October 2nd (Friday) - Oil falls 87 cents to $69.95: The Labor Department reported that the unemployment rate rose to a new 26-year high of 9.8%. 263,000 payroll jobs were lost, much more than the 167,000 economists had expected.

October 1st (Thursday) - Oil rises 21 cents to $70.82: A government report said that U.S. consumer spending rose 1.3% in August. However, oil gains were capped by data which showed that the number of U.S. workers seeking jobless benefits climbed last week.

September 30th (Wednesday) - Oil rises $3.90 to $70.61:Gasoline stockpiles fell by 1.6 million barrels in the week ended Sept. 25th, surprising analysts who had forecasted an increase of 1.2 million barrels.

September 29th (Tuesday) - Oil falls 13 cents to $66.71: Oil ended slightly lower in anticipation of more growth in already sky-high U.S. oil and gasoline inventories.

September 28th (Monday) - Oil rises 82 cents to $66.84: Oil followed equities higher on merger activity and on jitters over Iran.

September 25th (Friday) - Oil rises 13 cents to $66.02: President Barrack Obama and the leaders of France and Britain issued a stern warning to Iran, demanding the country come clean on its nuclear program.

September 24th (Thursday) - Oil falls $3.08 to $65.89: Supply worries carried over from yesterday's trading. Also, US existing home sales fell 2.7 percent in August, compared with a 7.2 percent rise in July. Economists were expecting a fifth straight increase.

September 23rd (Wednesday) - Oil falls $2.79 to $68.97. U.S. Crude Oil inventories surprisingly rose 2.855 barrels for the week ended Sept. 18^th. Analysts had expected a drop of 1.5 million barrels.

September 22nd (Tuesday) - Oil rises $1.84 to $71.55: The U.S. dollar fell to its lowest level against the euro in more than a year. The euro hit $1.4821, its highest level since August 2008.

September 21st (Monday) - Oil falls $2.33 to $69.71: Oil settled lower ahead of the Federal Reserve’s two-day policy meeting. Market participants were also nervous before this week's G20 meeting.

September 18th (Friday) - Oil falls 43 cents to $72.04: The U.S. dollar index rose from a near one-year low.

September 17th (Thursday) - Oil falls 4 cents to $72.47: Oil prices slipped slightly in seesaw trading as US equities fell.

September 16th (Wednesday) - Oil rises $1.58 to $72.51: U.S. crude oil inventories fell 4.7 million barrels in the week ended Sept. 11. That was nearly double the level expected by analysts.

September 15th (Tuesday) - Oil rises $2.07 to $70.93: Government figures showed US retail sales rose a better than expected 2.7% in August while a separate report showed an improvement in manufacturing in the New York region and an upturn in producer prices. In addition, Ben Bernanke said the country’s recession “is very likely over.”

September 14th (Monday) - Oil falls 43 cents to $68.86: With no fresh economic news out, investor sentiment from Friday carried over.

September 11th (Friday) - Oil falls $2.65 to $69.29: Despite the dollar falling to a fresh low for 2009, oil tumbled on oversupply worries and profit-taking.

September 10th (Thursday) - Oil rises 63 cents to $71.94: U.S. crude inventories dropped an unexpected 5.9 million barrels in the week ended September 4^th. In addition, the International Energy Agency raised its global demand forecast for 2009 by 500,000 barrels. Gains were limited, however, by large increases in distillate and gasoline inventories. 

September 9th (Wednesday) - Oil rises 21 cents to $71.31: The U.S. dollar weakened while equities rose.

September 8th (Tuesday) - Oil rises $3.08 to $71.10: The U.S. dollar fell to a year-low against the euro.

September 4th (Friday) - Oil rises 6 cents to $68.02: A strong rise in equities and a weaker dollar outweighed U.S. jobs data that showed the unemployment rate at a new 26-year high.

September 3rd  (Thursday) - Oil falls 9 cents to $67.96: Volume was light ahead of Friday's US jobs report.

September 2nd  (Wednesday) - Oil unchanged at $68.05: A smaller-than-expected drop in U.S. crude stocks offset a larger-than-expected drop in gasoline stocks in the week ended August 28^th.