Crude Oil Futures Fall a Third Day as Iraq Increases Shipments
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Crude oil futures fell for a third day as Iraq, the sixth-largest supplier to the US, increased shipments to tankers for the first time in two weeks.
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Crude futures plummeted yesterday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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U.S. oil prices slid below $46 on  Tuesday, marking the third successive session of falls as Iraqi  exports returned to near normal, although supply uncertainties  kept the market close to historic levels.
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Oil prices dipped below $44 per barrel Thursday, but attacks on 20 pipelines in Iraq signal another spike.
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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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Oil prices extended losses below $46 on  Tuesday in a third day of falls as a more optimistic Iraq  export picture helped unwind some of the supply worries that  have lifted the market to historic levels.
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London - Oil prices fell Wednesday as Iraq resumed pumping crude through a key northern pipeline, though supply concerns remained amid a fresh hurricane threat, analysts said.
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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.
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Oil futures dropped by nearly $1 per barrel Monday despite pipeline sabotage in Iraq that has delayed exports from a southern port - reinforcing the view among traders that prices had risen too fast earlier this summer.
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Oil prices dipped below $46 on Tuesday in a third day of falls as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels.
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Oil futures extended their declines Tuesday on expectations that the government's weekly fuel inventory report will show crude supplies increased last week.
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Oil prices fell 3 percent on Wednesday  after a U.S. government report showed a surprise increase in  fuel stockpiles last week in the world's largest energy  consumer.
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Crude futures fell by nearly $ 3 a barrel as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms.
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Crude oil futures fell nearly a dollar today in New York, as the focus shifted to expectations of across-the-board builds in US petroleum-inventory data due out tomorrow.
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NEW YORK, December 2  - Crude oil prices declined for the third consecutive day today, reaching their lowest levels in 11weeks, on news of rising US fuel inventories and a less severe winter in various parts of the country.
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NEW YORK - Crude oil futures in New York have plunged 7.6 per cent in their biggest weekly decline in a year, because of reduced concerns about supply disruptions in Iraq.
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World oil prices fell sharply again on  Tuesday as Iraq restored oil exports and hedge funds continued  the rush to take profits from record highs.