Crude Oil Tumbles on Report of Larger-Than-Expected Supply Rise
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Crude oil futures plunged almost 5 percent in New York, the biggest decline in five months, after an Energy Department report showed that US inventories rose more than expected.
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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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Singapore - Crude oil futures slid further on Thursday, as concerns over heating oil supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US crude stocks.
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Stock markets traded lower this afternoon as the price of crude oil shot up on the latest US supply report while investors were frustrated at a series of corporate earnings disappointments, warnings and downgrades.
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Oil fell more than $1 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's top consumer.
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Oil prices fell more than a dollar on  Wednesday as U.S. data showing builds in crude and product  inventories unwound fears for winter fuel shortages.
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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Oil futures prices dropped nearly 5 percent Wednesday, in the biggest decline in five months, after an Energy Department report showed that the nation&#39;s crude supply rose more than expected.
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Oil prices fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems
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Crude oil futures were little changed after surging 4.5 percent yesterday, the biggest increase in two months, as the US Energy Department reported a bigger-than- expected decline in the country&#39;s oil supplies.
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WASHINGTON -- Oil prices fell sharply yesterday after briefly surpassing $54 US a barrel despite nagging concerns that the global supply buffer is too thin to handle a significant disruption of output.
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Oil prices rose amid expectations a report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the worldâs largest energy consumer.
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Crude oil futures fell in New York, extending the biggest decline in five months yesterday, after a jump in US inventories eased concern about a winter shortage.
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Oil prices plunged below $44 a barrel Thursday, extending a dramatic sell off sparked by Wednesday&#39;s government report showing crude and distillate inventories rose more-than-expected last week.
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Oil prices fall 7.4% on US data showing a larger-than expected increase in crude supplies - sparking Wall Street to a nine month high.
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Crude oil futures fell nearly a dollar today in New York, as the focus shifted to expectations of across-the-board builds in US petroleum-inventory data due out tomorrow.
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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.