Winter fuel concerns ease, oil futures prices drop 5%
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices steadied on Thursday after  they had fallen three percent a day earlier when a surprise  increase in U.S. fuel stocks eased worries about meeting peak  winter demand.
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Oil prices slipped on Tuesday but remained well above &#36;48 a barrel as dealers weighed up whether a thin cushion of heating fuel in the United States would be sufficient to meet winter demand.
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Oil prices eased further on Thursday,  deepening the previous day's three percent fall after a  surprise increase in U.S. fuel stocks eased worries about  meeting peak winter demand.
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Oil prices slipped further below $55  a barrel on Tuesday, breathing easier after a Norwegian strike  threat receded but still anxious over the thin state of  pre-winter heating oil supplies.
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Oil prices steadied on Thursday after they had fallen three percent a day earlier when a surprise increase in U.S. fuel stocks eased worries about meeting peak winter demand.
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Oil prices fell 3.5% to a three-month low yesterday as mild winter weather sapped demand in the US Northeast, the world&#39;s largest heating oil market.
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Oil prices fell to their lowest in five  months before steadying on Thursday, pausing from a three-day  decline as dealers zeroed in on healthy U.S. inventories  heading into the mild autumn demand season.
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Oil prices eased on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.
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Crude oil futures may decline next week on speculation the US is importing enough to boost inventories, easing concern about a shortage of winter fuel, according to a Bloomberg survey.
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Oil prices steadied on Tuesday, after  sliding 3 percent on Monday as forecasts of continued mild  winter weather in the United States soothed concerns over low  heating oil stocks.
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Oil prices fell on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.
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Oil prices fell more than one dollar to sit just above $43 a barrel Monday as unusually mild winter weather in the United States eased fears that thin heating fuel stockpiles might prove inadequate.
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WASHINGTON -- Oil prices fell to a five-month low yesterday amid easing gasoline demand and growing doubts among some traders that Iran will pull supplies off the market.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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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 traded marginally lower on Wednesday ahead of key U.S. data, which was expected to show a rise in heating fuel supplies as mild winter temperatures suppressed demand in the United States.