Oil slides to $58 ahead of U.S. inventory data
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Oil slid to around $58 a barrel on Wednesday, taking losses for the week to more than 7 percent and London Brent crude to its lowest this year, on forecasts of a further rise in bulging U.S. fuel stockpiles.
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Oil prices eased again early on  Wednesday, hovering around $46 a barrel ahead of weekly U.S.  data expected to show fuel stocks rising in time for winter.
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Oil prices edged lower in thin early  trade 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 fall 7.4% on US data showing a larger-than expected increase in crude supplies - sparking Wall Street to a nine month high.
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Oil fell toward $61 Tuesday on robust   U.S. inventories ahead of the winter heating season, but   producer group OPEC said the price slide from peaks this summer   had gone far enough.
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Oil prices flew back above $54 a barrel  on Wednesday as a fresh fall in U.S. heating oil stocks stoked  worries over winter supplies.
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Oil prices edged higher on Wednesday ahead of weekly U.S. inventory data expected to show a fall in crude stockpiles but rising product tanks.
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Oil prices have rebounded from seven-week lows as US heating oil stocks fell for an eighth straight week ahead of winter. US light crude was up 58 cents at $47.
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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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Oil prices bounced nearly $2 to $44 a barrel yesterday after government and industry data showed a sharp drop last week in the nation's supply -- a surprise to most traders, who expected inventories to be steady or grow slightly.
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London Brent crude slid below $58 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Oil prices eased back below $59 a barrel as investors focused on U.S. fuel data due later on Wednesday that is expected to show a rise in gasoline stocks in the world's top consumer.
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Oil slid more than a dollar on  Thursday, resuming a two-week decline that has cut 15 percent  from prices, as rising crude inventories have eased concerns of  a winter fuel crunch.
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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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NEW YORK : World oil prices fell, capping a drop of more than 14 percent in a two-and-a-half-week slide triggered by a perception of growing US crude oil inventories.
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Oil prices steadied above &#36;45 a barrel on Thursday, attempting to put a floor under a 7.4 percent tumble after a big increase in U.S. heating oil stocks eased worries of a winter supply squeeze.
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Oil prices fell slightly on Wednesday  ahead of an expected build in U.S. crude and product  inventories, but remained strong above $48 a barrel on colder  weather in the northern hemisphere.