Oil Falls from $50 as Crude Stocks Swell
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Oil prices dropped from record highs  above $50 a barrel on Wednesday as weekly U.S. inventory data  showed a surprise increase in crude stocks, easing fears over  stretched international supplies.
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A welcome slide in oil prices set off a relief rally on Wall Street Friday, with stocks posting a healthy advance as crude approached but then fell back from the $50 a barrel mark.
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Oil prices slid from record highs above  $50 a barrel Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed to a preliminary cease-fire.
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High-flying oil prices neared $50 a  barrel on Monday as a blizzard enveloped the U.S. Northeast,  draining U.S. heating oil stocks.
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Stocks rose after US crude oil fell below $50 a barrel on Monday, offsetting jitters ahead of an uncertain outcome for the US presidential election.
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Oil prices fell heavily on Monday, taking US crude below $50 on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that helped fuel this year&#39;s record-breaking rally.
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Oil prices edged lower in thin early trade on Wednesday, keeping within sight of &#36;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 rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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Wall Street stocks were mixed Tuesday as crude oil prices again topped 50 dollars per barrel, while brokerage downgrade hurt technology stocks.
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NEW YORK - U.S. stocks are seen slightly lower at the open as investors stay on guard with oil pushing near the $50-a-barrel level...
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OIL prices eased further below $50 a barrel yesterday, extending a week-long bout of profit-taking that has cut more than $5 from record-high crude ahead of the US presidential election.
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Stocks fell on Monday as a rise in oil  prices to nearly $50 a barrel clouded the corporate profit  outlook, and a brokerage downgrade hurt semiconductor shares.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Crude oil closed above 50 dollars per barrel Friday for the first time as traders worry below-normal US crude inventories could not meet the soaring demand in the upcoming months.
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Nymex crude oil futures fell below $50 a barrel Monday morning in a flurry of technical selling ahead of the presidential elections on Tuesday.
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The price of crude oil fell for a third straight day on Friday, sliding back toward the US$50 mark after a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.