Oil Eases as Saudi Offers Big Discounts
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Oil prices eased on Monday as top world  exporter Saudi Arabia slashed prices for its crude sales to the  United States and Europe in an effort to shift the large  volumes it is offering to cool world markets.
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Saudi Arabian Oil Minister Ali El-Naimi has said that the $10-15 &quot;fear premium&quot; that has been present in oil prices will disappear as the problems of &quot;supply&quot; and &quot;geographic tension&quot; diminish.
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World oil prices eased on Thursday as  signs of strong supply on physical crude markets encouraged  dealers to take profits from a bounce in the previous session.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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Oil prices eased on Tuesday, as Middle East cyclone fears waned, but concerns over gasoline supply in the United States kept crude above the $70 mark.
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Oil prices fell to a fresh five-month  low on Monday as a bout of fund-led selling countered a cut to  supplies by top OPEC exporter Saudi Arabia.
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LONDON SEPTEMBER 6: Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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Oil  prices ease after hitting $100 a barrel as the weak dollar and violence in Nigeria and Algeria boost prices.
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Oil prices eased on Monday after  rebels in Nigeria withdrew a threat to target oil operations,  but lingering concerns over stretched supplies ahead of winter  kept prices close to $50 a barrel.
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Oil prices eased on Tuesday as fears of  supply disruptions receded following a convincing referendum  victory in Venezuela for President Hugo Chavez and after  Russia's YUKOS said it had received a government assurance on  September exports.
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London - Oil prices edged lower on Friday after a two-day rout that saw the value of crude drop 12 percent amid easing fears over a northern winter supply shortage, traders said.
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Oil prices steadied on Monday as OPEC  member Saudi Arabia cut exports, helping to pull the market  back from a five-month low hit earlier amid a bout of fund  selling.
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Oil prices slipped on Thursday,  holding most of the previous day's gains after car bombs in  Riyadh rekindled fears over Middle East supply security, one  factor behind a rally that pushed the average U.S. crude price  34 percent higher this year.
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Oil prices dipped below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second OPEC supply cut and news of deepening Saudi export curbs.
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Oil prices eased on Monday after  rebels in Nigeria withdrew a threat to target oil operations,  but lingering concerns over stretched supplies ahead of winter  kept prices close to $50.
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Oil eases towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices dipped Thursday, broadening an overnight decline on a U.S. government report that the country's stockpiles of gasoline grew last week.