Oil Eases, Dealers Watch for US Fuel Draw
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Oil prices eased on Wednesday on mild US weather as traders waited to see whether the first cold snap of the US winter has eaten into low heating fuel supplies.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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Oil prices edged lower on Thursday, adding to a near 2 percent sell off the previous day caused by a smaller-than-expected drop in U.S. heating fuel inventories.
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Oil prices slipped on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil prices edged lower on Wednesday as traders waited to see whether the first cold snap of the US winter had eaten into low heating fuel supplies.
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World oil prices eased on Thursday as  signs of strong supply on physical crude markets encouraged  dealers to take profits from a bounce in the previous session.
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CAMARILLO, Calif. Nov 7, 2004 - An increase in the worldwide supply of crude oil contributed to a dip in US prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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Oil prices fell as the market tracked fresh concerns about the US economy, with fears that a slowdown in the United States could dampen demand for crude, traders said Monday.
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Oil prices eased further on Thursday,  deepening the previous day's three percent slump after a  surprise increase in U.S. fuel stocks eased worries about  meeting peak winter demand.
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Oil prices edged lower on Thursday,  adding to a near 2 percent sell off the previous day caused by  a smaller-than-expected drop in U.S. heating fuel inventories.
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Oil prices steadied on Tuesday with concerns over gasoline supply in the United States keeping crude above the $70 mark even as fears eased that a cyclone in the Middle East would disrupt production.
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LONDON, Nov 18  - Oil prices continued their decline Thursday after a brief rally on the back of renewed concerns over heating oil stocks in the United States fizzled out.
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Oil prices steadied below $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze.
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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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Oil prices held steady on Thursday as  concern over lean heating fuel supplies in the United States  and Europe ahead of winter stemmed falls of nearly $10 since  late October.
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Oil eased near $60 on Wednesday  following big gains the previous day spurred by disruption of  Alaskan crude exports and ahead of U.S. government data  expected to show declining stocks of heating and transport  fuels.