With upcoming Iraqi elections and the big OPEC meeting not too far off, oil prices remain steady.

Cold weather is at it again causing oil prices to go back up by creating a demand for heating oil.

Although prices had recently fallen to under $47 a barrel, demand for oil partially due to winter weather has caused them to rise back up.

An energy report by the United States indicating an increasing inventory contributed to a drop in oil prices, which dropped to under $47 a barrel.

Oil prices fell after a seven-week high as temperatures in the eastern U.S. are expected to rise beofre the end of the month.

Oil prices stayed put on Monday at over $48 per barrel, which is the highest that they have been since the end of November.

With high priced oil, GM’s disappointing weak profit outlook, and unemployment on the rise, U.S. stocks finished lower.

Oil prices are around the highest they have been in six weeks due to cold weather forecasts, possible OPEC production cuts, North Sea storms, and violence in Iraq.

Oil prices climbed for the third day in a row to nearly $47 a barrel due to a variety of reasons.

The North Sea is playing a significant role in the rising of oil prices due to storms that have caused supply disruptions.

If U.S. crude prices fall below $40 a barrel, OPEC will consider lowering formal output limits.

Investors nervous from the price of Oil jumping past $46 a barrel had some recent merger news to set their minds at ease a little bit.

It has been speculated namely by Bloomberg, that the price of oil may go down next week with anticipation of warmer weather in the eastern United States.

Crude oil went up nearly $2 a barrel to over $45 a barrel after a surge in heating oil purchasing due to cold weather.

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