Crude prices ease further amid China&#39;s latest moves to cool its ...
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The price of crude oil breached the $51 US mark again after falling for most of the day Friday on a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.
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Oil prices stepped back from this  week's eight percent rout on Friday, holding well above $50 a  barrel as analysts said it would take more than China's mild  interest rate rise to stem demand growth from the world's  second largest user.
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But Chinaâs move to cool its heated stock market limited Wall Streetâs broader advance and raised concern about a global equity sell-off.
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LONDON SEPTEMBER 6: Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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Crude futures eased on Thursday as the previous sessionâs rally, sparked by US inventory draws and a suicide bombing in Saudi Arabia, petered out ahead of the long New Year weekend.
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Oil prices slipped further from record highs on Wednesday as traders locked in profits after the market's &#36;10 surge since mid-August.
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Oil prices eased on Tuesday, as Middle East cyclone fears waned, but concerns over gasoline supply in the United States kept crude above the $70 mark.
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Oil prices eased on Tuesday, as  Middle East cyclone fears waned, but concerns over gasoline  supply in the United States kept crude above the $70 mark.
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NEW YORK -- Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Crude oil futures fell in New York, extending the biggest two-day decline in 19 months, amid concern China&#39;s first interest-rate increase in nine years may slow growth in fuel demand in the world&#39;s second-largest oil consumer.
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Fears of economic slowdown and falling demand in China cast a pall over commodity markets on Wednesday and pushed down copper and crude oil prices, but analysts said the nervousness was overdone.
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Oil retreated further from its US$53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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The price of crude oil falls by more than a dollar in New York, as mild weather in northern US states eases demand for heating oil.
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Crude oil futures fell in New York, extending the biggest two-day decline in 19 months, on concern China&#39;s first interest-rate increase in nine years will slow demand in the world&#39;s second-largest oil market.
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Oil prices eased from near-record highs in Asian trade today after the US government said it may draw from its strategic reserves to make up for supply shortages, dealers said.