Crude Oil Falls Further Off Peak
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SINGAPORE - Crude oil prices fell in Asian trade on Tuesday, retreating further below the milestone $55 per barrel mark but apparently unable to go below $53 amid lingering supply worries.
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NEW YORK -- Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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Oil fell on Monday, extending the previous session's decline on profit taking from record highs, but hovered near $88 on simmering geo-political tensions and a weak dollar.
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Oil prices have fallen as much as $16  from their peaks, their steepest reversal in 16 years, in a  correction that traders say may be harder to shake off than  past setbacks over the market's four-year rally.
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Oil prices pulled further back from the brink of $100 a barrel on Thursday after fresh signs of weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.
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Oil prices continue to fall back from recent record highs, after a US report showed an unexpectedly large rise in crude stocks in America.
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Crude oil futures fell in London on Friday, ending the week 7.5 percent lower after a recent report showed an unexpected gain in US inventories of distillate fuels such as heating oil.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Oil prices pushed toward record peaks on  Thursday after a larger-than-expected decline in heating fuels  in the United States heightened fears of a winter supply  crunch.
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NEW YORK, October 27  - Crude oil prices declined sharply today after the US weekly inventory data revealed a higher-than-expected increase in crude oil inventories last week.
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.
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Oil prices fell heavily from near record  peaks on Wednesday after a sharp build in U.S. crude stocks  spurred traders to take profits from a fierce rally.
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Oil extended its retreat from record  highs on Thursday, taking two-day losses to 6 percent after an  unexpectedly large rise in U.S. crude inventories spurred  speculative funds to take profits.
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.
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Crude oil futures fell slightly Monday as traders speculated that slower economic growth next year might ease global oil demand. On the New York Mercantile Exchange, crude
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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.