Oil prices continue pullback
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New York - Oil prices continued to plummet on Thursday, falling almost five per cent to hit a 12-week low. On the New York Mercantile Exchange, the January contract for light sweet crude was down $2.24 US
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Oil prices fell on Thursday, resuming a three-week downturn as rising world crude supplies replenish consumer inventories. US light crude futures were down 69 cents at $46.15 a barrel, erasing Wednesday&#39;s 73 cent advance.
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Oil prices continued their recent slide as optimism that supply would hold up this winter had more traders shifting money out of energy markets.
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US OIL prices fell further yesterday on continued profit-taking as producer-group OPEC promised production increases in the coming months.
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The price of crude oil fell for a third straight day today, brought down from a midweek record high by news of higher-than-expected US stocks and by Chinaâs latest moves to cool its economy.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Oil extended a retreat from record highs on Monday, sliding towards $78 a barrel after tropical storm Ingrid faded in the Atlantic and eased fears it could hit rigs and refineries in the Gulf of Mexico.
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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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OIL retreated further from its $US53 a barrel threshold in early Asian trade today, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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World oil prices fell again on Tuesday  as Iraq restored oil exports and hedge funds continued the rush  to take profits from record highs.
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Oil prices dropped sharply Monday, falling below $42 US per barrel, as last week&#39;s selloff continued despite sabotage of Iraqi oil infrastructure that curbed exports.
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Oil prices continued to fall Wednesday amid a growing belief that a faltering U.S. economy will lower energy demand.
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Oil prices dropped again on Friday,  bringing this week's slide to nearly 15 percent, as warm  weather in the U.S. Northeast and disappointing U.S. jobs data  darkened prospects for energy demand.
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The price of oil sank for the fourth consecutive day yesterday amid profit taking and easing concerns about supply, dipping below $44 US a week after it threatened to hit $50 US.
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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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Retail gasoline prices continued their slow retreat from their recent highs yesterday , but crude oil and gas futures advanced as concerns about refinery capacity persisted.
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LONDON, Nov 18  - Oil prices continued their decline Thursday after a brief rally on the back of renewed concerns over heating oil stocks in the United States fizzled out.