Oil stocks fall after surprise data
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DALLAS (CBS.MW) -- Oil stocks closed lower Wednesday after the Energy Department reported a surprise climb in crude inventories for the week ended Sept.
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The Dow industrials and S&P 500 fell on Monday as a drop in oil prices weighed on shares of energy companies including Exxon Mobil Corp .
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Oil dropped more than two dollars on Friday, weakened by selling in equity markets that raised doubts over energy demand and after a storm that halted exports from Oman lost power.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.
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Stocks fell on Monday after as financial shares dropped on uncertainty about the economic outlook and energy shares sank as crude oil futures lost ground.
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Oil prices fell over a dollar on  Thursday, tumbling from a two-week high as traders took profits  after dramatic gains on Wednesday driven by renewed fears over  fuel supplies for the northern winter.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil fell more than 2 percent on Wednesday after weekly U.S. inventory data showed a much bigger than expected rise in crude stockpiles heading into peak winter demand.
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Crude futures prices fell sharply today, dropping below $54 a barrel, as traders shelved concerns about tight winter-fuel supplies and focused on government data showing faster-than-expected growth in US oil inventories.
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U.S. stocks were lower on Wednesday as  oil prices jumped back above $54 a barrel after the government  reported a smaller-than-expected increase in crude oil  inventories and a few blue-chip companies disappointed  investors with their earnings and outlooks.
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Stocks declined on Monday, pressured by losses in shares of energy companies after a nearly 4 percent drop in oil prices.
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Oil prices tumbled nearly $3 a barrel Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had expected.
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Crude oil prices fell Wednesday amid expectations that U.S. fuel supply data will show that gasoline stocks rose last week.
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Oil fell more than a dollar on Wednesday after U.S. inventory data showed a much bigger than expected rise in crude stockpiles.
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Stocks fell on Monday -- the first  trading day of 2005 -- after disappointing U.S. employment and  construction spending data triggered concern about economic  growth and lower crude oil prices pulled down energy shares.
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Stocks closed mostly lower yesterday as record oil prices and economic data showing slower-than-expected growth last month weighed on the markets.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.