Oil price down as Iraq fears ease
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The price of oil has fallen as fears about interruptions to supplies being pumped out of Iraq eased slightly.
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Oil prices dipped below $46 on Tuesday in a third day of falls as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels.
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LONDON : Oil prices fell slightly in opening deals on hopes of an easing of tensions in Nigeria&#39;s key oil producing region, traders said.
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OIL prices fell today despite new sabotage attacks on Iraqi pipelines and worries about tropical storm Frances, with the New York market closed for the Labour Day holiday.
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Oil prices dipped below $46 on Tuesday, making a third day of falls as a more optimistic Iraq export picture unwound some of the supply worries that have lifted the market to historic levels.
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Oil prices eased again on Tuesday with  the re-opening of two Iraqi pipelines, but most financial  markets traded in narrow ranges after sharp reactions in  previous sessions.
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Oil prices fell more than 3 percent on  Monday as forecasts of a return to mild winter weather in the  United States eased fears that thin heating fuel stockpiles  could prove inadequate.
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Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
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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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Oil prices slipped below $69 a barrel yesterday after a report that a strike in Nigeria hasn't affected oil exports from Africa's largest crude producer alleviated the market's supply concerns.
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Oil prices eased on Monday after rebels  in Nigeria withdrew a threat to target oil operations, but  lingering concerns over stretched supplies ahead of winter kept  prices close to $50.
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NEW YORK : Crude oil prices showed a modest decline as fears that Hurricane Frances would disrupt US offshore oil production eased, analysts said.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil prices fell below $61 on Friday as easing U.S. supply concerns spurred a bout of profit taking.
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Oil fell back below $50 on Thursday, resuming a downturn that has cut prices 11 percent from record highs and ending a brief rally following President Bush&#39;s US election victory.
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Oil prices turned lower Monday as traders apparently shrugged off worries about whether production cuts by two key producing nations were harbingers of further restrictions by OPEC members.
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Oil prices ticked lower on Thursday, holding most of the previous day&#39;s gains after two car bombs in Saudi Arabia rekindled fears over Middle East supply security, one