Crude oil futures start heading down
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NEW YORK - Crude oil futures in New York have plunged 7.6 per cent in their biggest weekly decline in a year, because of reduced concerns about supply disruptions in Iraq.
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Crude oil futures prices plummeted today, falling by nearly $3 a barrel, as traders shelved concerns about tight winter-fuel supplies.
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Crude oil futures prices fell Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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Dips in demand and easing threats to supply have pushed oil futures to below $63 a barrel.
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NEW YORK -- A decline in the nation's inventory of heating oil catapulted crude futures prices toward $55 a barrel yesterday, providing the latest jolt to a market already rattled by the world's tight supply of oil, strong demand, and the possibility of output problems in several producing nations.
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Benchmark light, sweet crude oil futures for January dropped as much as 93 cents in early trading today in New York to last week&#39;s low of US$42.05 a barrel.
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U.S. stock futures were sharply lower  on Tuesday, pointing to a weak market open as crude oil prices  hit yet another high, while third-quarter earnings reports  began to trickle in.
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U.S. stock futures pointed to a lower  market open on Thursday, weighed down by rising oil prices and  a crop of warnings in the chip sector.
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Crude futures fell by more $2 a barrel on Monday as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms in the US Midwest that kept motorists off the road.
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Stock futures fell on Monday, with   energy companies like Exxon Mobil Corp. XOM.N in focus as   crude oil fell below $66 a barrel, extending a six-day sell-off   that has taken prices to their lowest since April.
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U.S. crude futures skidded more than half a dollar lower on Monday, as a mild New Year's weekend in the United States and forecasts for above-average temperatures were expected to cap heating oil demand, traders said.
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Crude oil futures inched lower today, after Norway ordered workers to end a strike that was threatening exports from the worldâs third-largest supplier.
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Crude oil futures tumbled below $48 a barrel yesterday, closing at their lowest level in seven weeks, on rising expectations that the US supply of transport and home-heating fuels will be adequate this winter.
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Crude oil futures prices fell around the globe yesterday following a steep run-up on Friday that was prompted by persistent concerns about winter fuel supplies.
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CRUDE oil futures eased below $US46 a barrel in Asia today as traders awaited the weekly US crude inventory report, which has helped bring down prices in recent weeks by showing a recovery in supplies.
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Crude-oil futures sank for a fourth straight day yesterday, settling beneath $43 a barrel for the first time in nearly three months and capping a 14 percent decline for the week.
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Crude futures fell sharply Monday amid milder U.S. winter weather on the first trading day of the new year and expectations of increased output from Canada and North Sea.