Oil prices fall on rising US inventories, easing Nigeria fears
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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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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LONDON : Oil prices declined in opening deals as supply fears receded after Iraq resumed oil exports through its southern pipelines and speculative activity dwindled, analysts said.
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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, but the fall was limited by an upcoming OPEC meeting and Iraqi elections.
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US crude oil inventories fell over the past week, but stockpiles of refined fuels showed surprising gains, the Department of Energy reported.
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NEW YORK -- Oil prices rose yesterday, reversing seven days of declines after the US government reported a decrease in the nation's crude inventories.
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Global oil prices fall back from highs of more than $74 a barrel as US stockpiles grow.
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Crude oil futures fell in London on Friday, ending the week 7.5 percent lower after a recent report showed an unexpected gain in US inventories of distillate fuels such as heating oil.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.
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NEW YORK : World oil prices fell, capping a drop of more than 14 percent in a two-and-a-half-week slide triggered by a perception of growing US crude oil inventories.
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OIL prices dropped from record highs above $50 a barrel yesterday as weekly US inventory data showed a surprise increase in crude stocks, easing fears over stretched international supplies.
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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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Oil prices slid from record highs above  $50 a barrel on Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed a temporary cease-fire.
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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.
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Oil prices slid toward $49 a barrel  on Thursday after U.S. crude stocks rose unexpectedly and  rebels in Nigeria's oil-rich delta region agreed to a  cease-fire with the government, reducing an imminent threat to  supplies.
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Crude oil futures prices fell yesterday as concerns about reduced output in the North Sea were offset by expectations that an upcoming US government report would show rising inventories of heating oil.