Crude Oil Prices Slip Below $43 a Barrel
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Crude oil fell 55 cents to $42.70 per barrel in early trade on the New York Mercantile Exchange. Inventories grew by 900,000 barrels last week to 293.3 million.
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Oil prices dropped sharply Monday, falling below $42 US per barrel, as last week&#39;s selloff continued despite sabotage of Iraqi oil infrastructure that curbed exports.
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On expectations that US oil supplies will continue to grow and that heating oil inventories will be adequate this winter, crude oil prices fell below $48 a barrel on Tuesday.
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SAN FRANCISCO (CBS.MW) -- Crude futures closed under $43 a barrel at an almost three-month low Friday, logging a loss of 14 percent for the week amid rising US distillate and crude supplies and growing expectations that OPEC won&#39;t agree to cut its output
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Oil prices fell again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that drove this year's sharp  increase in world fuel consumption.
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U.S. oil prices fell below $43 on  Monday on continued profit-taking as producer-group OPEC eyed  increases in the coming months in its tight spare capacity,  countering worries over stumbling Iraqi oil exports.
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Oil fell below $93 per barrel on Monday in thin trade as mild weather swept across the key heating regions of the United States, cutting fuel demand.
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The price of US crude oil has eased in early trade, after breaching the $50-a-barrel mark on Friday. Light sweet crude for November delivery fell 42 cents from Friday&#39;s $50.
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The benchmark US crude was down 96 cents, or 2%, to $43.03 a barrel, as traders felt confident about supply-and-demand dynamics. Prices are now down about 13% from their intraday record high of almost $50 a barrel on Sept.
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Oil prices dip below $62 a barrel amid mixed signals over the possibility of further production cuts.
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Investor's Business Daily - U.S. crude fell 62 cents to $96 a barrel, reversing an earlier gain, on fears that slower U.S. economic growth will curb demand for oil in the world's top consumer. Crude prices hit an intraday high of $97.92 due to falling U.S. supplies, a weaker dollar and geopolitical tensions.
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Oil eased further below $64 on Tuesday   due to healthy U.S. fuel stocks, but a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico limited the   decline.
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Oil fell below $63 a barrel on Friday,   its lowest level since March, as ample U.S. fuel stocks looked   set to meet winter heating demand in the world's biggest   consumer.
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Crude futures plummeted below $44 a barrel Wednesday 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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Battered oil prices stayed weak on Friday after a $6 slump spurred by easing worries about winter supplies. US crude oil futures (CLc1: Quote, Profile, Research) fell five cents to $43.20
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U.S. oil prices slid more than half a  dollar to below $44 a barrel on Monday as unusually mild winter  weather in the United States curtailed demand.
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Oil prices slipped on Monday but held  above $49 a barrel as easing concerns about a winter supply  crunch pulled the market further away from record highs set two  weeks ago.