LONDON (Reuters) – Brent crude dipped below $121 a barrel on Thursday as a sharp rise in American crude stocks and disappointing economic data from the world’s biggest energy consumer outweighed a weaker dollar.

U.S. crude for June was down 64 cents to $108.60 a barrel by 0900 GMT, while ICE Brent crude fell 35 cents to $120.87 a barrel.

LONDON (Reuters) – Brent and U.S. crude oil futures rallied more than $2 on Wednesday, with Brent over $123 a barrel, helped by a weekly draw in U.S. crude inventories that confounded expectations for a stock build, and by a weaker dollar.

ICE Brent crude was up $2.11 at $123.44 a barrel by 1506 GMT, after pushing to intra-day highs of $123.50.

LONDON (Reuters) – Brent crude oil fell $1 a barrel on Monday to below $123 after a cut in output from the world’s top exporter Saudi Arabia raised concern that high prices were hurting demand.

The kingdom reduced output by 800,000 barrels per day (bpd) to 8.292 million bpd in March from February, Saudi Oil Minister Ali al-Naimi said on Sunday, describing the market as “oversupplied.”

LONDON (Reuters) – Brent crude fell to $123 on Monday and U.S. crude dropped by more than $1 on fears that high prices were hurting demand, after a cut in output from oil exporter Saudi Arabia, which said the market was over-supplied.

The kingdom reduced output by 800,000 barrels per day (bpd) to 8.292 million bpd in March from February, Saudi Oil Minister Ali al-Naimi said on Sunday. “The market is over-balanced,” he said.

LONDON (Reuters) – European refiners are likely to keep runs at an unusually low level even after the spring maintenance period due to shrinking profitability as rises in crude oil prices outpace those in refined products.

The European refining industry has already been forced to mothball roughly 3 million barrels of crude oil processing capacity since the first wave of demand destruction in 2008.

LONDON (Reuters) – Brent crude oil retreated on Monday below $126 and U.S. crude futures slipped as the African Union signalled progress in Libyan peace talks yet government forces continued their bombardment of Misrata.

At 2:37 p.m., ICE Brent crude for May was down 70 cents to $125.95 a barrel after hitting an intraday low of $124.69 a barrel, down almost $2.

LONDON (Reuters) – Brent crude oil fell over $1 on Monday to dip below $125 and U.S. crude futures slipped to below $112 on prospects of a Libyan peace agreement, and giving back some ground after Friday’s strong rally.

At 1027 GMT, ICE Brent crude for May was down $1.62 to $125.03 a barrel after earlier dipping to an intraday low of $124.69 a barrel, down almost $2 on the day.

LONDON (Reuters) – Brent crude oil fell to $126 on Monday and U.S. crude futures slipped after touching a 2-1/2-year high on prospects of a Libyan peace agreement and as Saudi Arabia restated its ability to pump more oil if needed.

At 0900 GMT, ICE Brent crude for May was down 60 cents to $126.05 a barrel after earlier falling over $1 to an intraday low of $125.54.

NEW YORK/LONDON (Reuters) – It’s simple enough to see that many of the world’s key commodities have surpassed their peaks from 2008, including gold, corn, and copper; others are still well behind, oil and wheat to name but two.

But the common theme is elusive: robust Chinese growth can help explain copper’s buoyancy, but is irrelevant for coffee; loose money policy has clearly aided gold, but done less for oil; the tightest stocks since the Great Depression have fuelled corn, while wheat is far from its peaks.

NEW YORK/LONDON (Reuters) – It’s simple enough to see that many of the world’s key commodities have surpassed their peaks from 2008, including gold, corn, and copper; others are still well behind, oil and wheat to name but two.

But the common theme is elusive: robust Chinese growth can help explain copper’s buoyancy, but is irrelevant for coffee; loose money policy has clearly aided gold, but done less for oil; the tightest stocks since the Great Depression have fueled corn, while wheat is far from its peaks.