Oil Prices Drop as US Reports Rising Inventories
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Crude oil prices plunged below US$44 a barrel in New York today, after government data showed US petroleum stocks rose across the board last week.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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SINGAPORE/LONDON  - Oil fell toward $60 a barrel on Tuesday, extending Monday's steep drop on forecasts of a further increase in fuel inventories in top oil consumer the United States.
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Oil prices fell on Wednesday after U.S.  stocks data showed a larger-than-expected rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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Crude oil futures prices dropped below $51 a barrel on Thursday as supply concerns ahead of the Northern Hemisphere winter eased after an unexpectedly high rise in US inventories.
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The price of oil surged yesterday on news that US inventories had fallen for the third week in a row.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.
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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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Oil prices ticked lower on Thursday for the third day in a row as rising U.S. gasoline supplies countered a surprise drop in crude inventories in the world's largest energy consumer.
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U.S. blue chips were down on Wednesday  on a sharp rise in oil prices after oil inventories rose less  than expected and a few Dow components disappointed investors  with their earnings and outlooks.
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Oil prices fell yesterday after government data showed US inventories of crude grew last week, surprising many traders and analysts who had expected supplies to shrink due to lingering output problems caused by Hurricane Ivan.
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Crude oil futures plunged almost 5 percent in New York, the biggest decline in five months, after an Energy Department report showed that US inventories rose more than expected.
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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.
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Oil prices fall for a fourth day, in advance of US figures that are expected to show a rise in inventories.
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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell more than a dollar on  Wednesday as U.S. data showing builds in crude and product  inventories unwound fears for winter fuel shortages.