Oil Weaker Ahead of U.S. Inventory Data
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Oil traded lower on Wednesday ahead  of key U.S. stocks data, which was expected to show a rise in  heating fuel supplies as mild winter temperatures suppressed  demand in the United States.
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Wall Street headed for a firm start on  Monday as oil fell below the $60 mark for the first time in six  months, but existing home sales data will dominate the  limelight as investors try to assess the extent of the U.S.  economic slowdown.
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Crude oil futures slid Thursday to their lowest levels in more than two weeks as concerns over supplies ahead of the Northern Hemisphere winter eased because of a rise in US inventories.
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U.S. oil prices were slightly softer on Monday after a four-day break, but the threat of a cold winter stretching persistently low global heating oil inventories kept the market within sight of &#36;50 a barrel.
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U.S. stock index futures indicated a weaker open on Wall Street before a report forecast to show a dip in manufacturing activity last month.
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Oil futures prices sank nearly 5 percent yesterday, dropping below $53 a barrel, as concerns about tight winter-fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices edged lower 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 eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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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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WASHINGTON, Aug. 18 (Xinhuanet) -- US commercial inventories of crude oil and gasoline decreased last week, according to a survey by the Energy Department on Wednesday.
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Oil prices eased on Thursday but held near $61.50 a barrel after a climb the previous day on unexpectedly large falls in U.S. fuel inventories.
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Crude futures fell in the United States Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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Market a bit weaker in early going as investors consider surging crude oil prices, weaker dollar. NEW YORK (CNN/Money) - Stocks inched lower early Monday as investors eyed rising oil prices and the falling
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Wall Street was set for a weaker start  on Wednesday, taking a cue from an uptick in crude oil prices,  while investors will also watch out for home sales data.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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U.S. stock index futures indicated a weaker open on Wall Street on Tuesday before a key economic report forecast to show a dip in manufacturing activity last month.