Oil Down Again; US Crude Stocks Seen Up
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Oil prices tiptoed lower on Tuesday, marking a fourth day of losses as worries over potential supply shortfalls ahead of winter faded and Nigerian unions called off a strike that could have disrupted exports.
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US stocks were slightly lower on Thursday, reversing some of Wednesday&#39;s sharp rally, as another slide in oil prices knocked shares of energy-related companies.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories ahead of  winter.
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Crude futures drifted lower Thursday extending steep overnight falls that came as the US government reported a surprise increase in stocks of oil and distillates, allaying fears of a winter supply crunch.
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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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Crude oil prices fell Tuesday as traders expected that an upcoming government report would show rising inventories of heating oil.
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U.S. oil prices fell for a second session on Tuesday on worries that high energy costs may crimp economic growth, but crude remained firmly planted above &#36;50 a barrel on persistent fears of a winter supply crunch.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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U.S. stock futures pointed to a lower  market open on Monday, as oil prices hit another record,  fueling worries that soaring energy costs will bite into  corporate profits.
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U.S. stocks looked set to open lower  on Monday as oil prices approach record levels, fueling  concerns that high energy costs are biting into corporate  profits and consumer spending.
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Singapore - Crude oil futures slid further on Thursday, as concerns over heating oil supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US crude stocks.
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A rise in crude oil prices for a second day, a stalled recovery in the dollar and a crop of warnings in the chip sector were set to push Wall Street lower at Thursday's opening.
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Oil prices edged lower on Wednesday,  keeping within sight of $50 a barrel on supply worries in the  United States, where weekly data is expected to show a draw in  distillate inventories.
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OIL prices fell again yesterday as forecasts of mild weather in the United States prompted traders to take profits from a rally that has added more than 30 per cent to the cost of crude this year.
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NYMEX crude oil futures were down  slightly at just under $46 a barrel on Tuesday but traders said  prices were likely to resume their rise later in the week if  U.S. inventories fall as expected.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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U.S. stocks were lower on Wednesday as  oil prices jumped back above $54 a barrel after the government  reported a smaller-than-expected increase in crude oil  inventories and a few blue-chip companies disappointed  investors with their earnings and outlooks.