Oil Reserves Drop for 1st Time in 5 Years
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U.S. proven crude oil reserves fell  last year for the first time in five years, as energy companies  replaced just over half the oil they took out of the ground,  the U.S. government said on Wednesday.
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New York crude oil futures fell, extending last week&#39;s 5.1 percent decline, on expectations warmer- than-normal weather in the US will reduce demand on the country&#39;s fuel stockpiles.
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Crude oil futures fell for a fifth session, the longest period in 10 months, as a cease-fire in Najaf eased concern that shipments from Iraq will be disrupted.
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Oil prices fell sharply Wednesday after a government report that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering production problems in the wake
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The Bush administration plans to release oil from the nation&#39;s emergency stockpile to make up for supply disruptions caused by Hurricane Ivan - the first time in nearly two years the reserve has been tapped.
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Oil prices fell sharply on Wednesday  after a U.S. government report showed a big increase in  national petroleum stockpiles, easing worries of a crunch at  the height of the winter heating season.
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Oil prices fell to a fresh five-month  low on Monday as a bout of fund-led selling countered a cut to  supplies by top OPEC exporter Saudi Arabia.
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WASHINGTON -- Oil prices fell to a five-month low yesterday amid easing gasoline demand and growing doubts among some traders that Iran will pull supplies off the market.
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WASHINGTON -- Oil prices tumbled for a third consecutive day yesterday, briefly falling below $45 a barrel, as geopolitical concerns that had brought the market to a boil in recent weeks appeared to cool off.
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Crude oil prices slipped yesterday, falling to a five-month low after an inventory report showed that higher refinery production was helping boost US gasoline and distillate inventories.
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Oil prices fell on Monday,   threatening to test a new six-month low under $60 a barrel as   news of BP restoring output at Prudhoe Bay added to a sense of   healthy supplies, while demand growth questions loomed large.
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A new International Energy Agency forecast sees world crude supplies below demand the next five years.
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Oil fell 3 percent to $61 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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Oil prices fell yesterday after U S government data showed rising supplies of crude. Natural gas futures declined on the heels of a separate report that showed healthy domestic inventories of the home-heating fuel.
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SINGAPORE: Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 per cent from record highs as rising stockpiles have eased worries of a winter supply crunch.
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Oil prices dropped more than 3 percent   on Tuesday, resuming the steepest slide in more than a decade   as high inventories eased supply worries ahead of winter and   countered concern over simmering geopolitical tensions.
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Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 percent from record highs as rising stockpiles have eased worries of a winter supply crunch.