Oil Prices Drop from Two-Week Highs
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Oil prices fell from two-week highs on  Thursday, as traders took profits from dramatic gains on  Wednesday driven by renewed fears over fuel supplies for the  northern winter.
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Oil prices fell on Friday as U.S. economic concerns mounted and traders took profits from a rally this week that sent prices to near record levels. U.S. crude settled down 62 cents at $96 a barrel, after trading as high as $97.92. London Brent settled 90 cents lower at $93.88 a barrel.
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Oil prices dropped to 2-month lows on  Monday, with U.S. crude falling near $45 a barrel before paring  losses in late trade, as growing fuel stocks in the United  States eased fears of a winter supply crunch.
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The crude oil price, based on the average price package of seven market-monitored crudes, fell to 38.89 dollars a barrel last week, down 2.46 dollars of the price in the previous
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US gasoline prices fell about 3 cents in the past two weeks to an average of $2.01 per gallon as worldwide supplies of crude oil increased, an industry analyst said yesterday.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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Oil prices slipped on Monday but held above &#36;49 a barrel as easing concerns about a winter supply crunch pulled the market further away from record highs set two weeks ago.
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NEW YORK  The average price of a gallon of   gasoline fell 21 cents in the last two weeks.
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Oil prices slid more than a dollar to  7-week lows on Tuesday as growing signs of ample supply ease  concerns over fuel stocks for the northern winter.
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Oil prices fell from record peaks for a  second session on Wednesday as big-money funds took profits  from a searing rally on signs that high commodity prices are  finally starting to dampen demand.
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Oil prices fall by more than $2 after Cyclone Gonu weakens in the Gulf and amid concerns about higher interest rates.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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Oil futures reached their highest level in two weeks Friday as investors who had expected lower prices were forced to cover their bets amid colder weather and rising fuel demand.
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Oil futures fell yesterday after Iraq, the sixth-largest supplier to the United States, boosted shipments to tankers to normal rates for the first time in two weeks.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.
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Gas prices fell about 2 cents in the past two weeks, reflecting recent drops in the price of crude oil and plentiful supply, an industry analyst said Sunday.
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Crude oil prices fell sharply for a second day Thursday as traders focused on rising fuel supplies and the warmer-than-normal weather in the United States.