Oil price drops below $49 mark
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Oil futures prices plunged by more than $2 a barrel Thursday, continuing a sell-off that began last week amid rising US supplies of crude and expectations of a surge in heating oil production before winter arrives.
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Crude oil prices fell Friday to the lowest in more than four months as traders regarded Organization of Petroleum Exporting Countries&#39;(OPEC) production cut as a too conservative measure.
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Oil prices fell on Monday to a seven-week low just under $47 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch despite a cold snap in North America at the weekend.
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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 fell below &#36;73 a barrel on  Tuesday in thin trade, but nagging fears about supply  disruption and expectations of strong U.S. demand for gasoline  were expected to prevent a deeper sell-off.
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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 fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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Crude oil prices fell for a fourthstraight day Friday, closing below 43 dollars per barrel for the first time in about three months.
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LONDON/SYDNEY  - Oil fell more than $1 to a one-month low below $89 a barrel on Monday, weighed down by concerns that a recession in top consumer the United States could drag down other economies and hurt oil demand.
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Oil fell below $88 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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Oil prices made an about face Friday, falling below $48 a barrel, as tensions between U.S. forces and rebel fighters in Iraq eased, raising hopes that attacks against the country's oil infrastructure would subside.
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LONDON: Oil prices fell again on Tuesday, briefly taking US crude below $53 a barrel, on signs that energy costs are slowing the economic growth that drove this yearâs sharp increase in world fuel consumption.
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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Oil prices fell on Monday to a 7-week  low under $47 a barrel, as growing fuel stocks in the United  States eased fears of a winter supply crunch despite a cold  snap in North America at the weekend.
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Oil prices fell further below $50 on Wednesday as a fresh rise in US crude oil inventories outweighed the impact of President Bush&#39;s victory in the US election.
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Oil fell below $88 a barrel on Wednesday  as stock markets declined further, shrugging off a temporary  reprieve from Tuesday's steep cut in U.S. interest rates amid  persistent fears of a global economic slowdown.