Oil Slips Below &#36;46, Supply Woes Persist
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U.S. oil prices slid below &#36;46 on Tuesday, marking the third successive session of falls as Iraqi exports returned to near normal, although supply uncertainties kept the market close to historic levels.
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Oil steadied at below $69 a barrel on  Wednesday, hovering near its lowest in three and a half months  as dealers feared oil stocks may quickly build up now that the  northern hemisphere summer season has ended.
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Oil prices fell below $45 on Wednesday  dragged down by heavy losses on U.S. gasoline as summer driving  demand failed to meet expectations.
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Oil prices tumbled again on Monday,  sliding to an 8-week low under $46 a barrel, as growing fuel  stocks in the United States eased fears of a winter supply  crunch.
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Oil prices slipped on Tuesday but  remained well above $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 edged lower on Wednesday,  keeping within sight of $50 a barrel on supply worries in the  United States, where weekly data is expected to show a draw in  distillate inventories.
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U.S. oil prices fell to a one-month low below &#36;45 a barrel on Tuesday, under pressure from signs OPEC would not cut production until its March meeting and on forecasts of rising U.S. crude stockpiles.
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Oil prices held steady on Thursday as data showing stubbornly low U.S. heating fuel supplies ahead of winter stemmed a rout of nearly &#36;10 since late October.
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Brent crude hits a record $46 a barrel, and US light crude hovers just below its all-time high despite reassurances over supply from Opec.
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Oil prices tumbled again on Monday, sliding to an 8-week low under &#36;46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.
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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 held just below &#36;48 a barrel on Tuesday, as the market remained nervous that OPEC producers may cut supplies before the end of the first quarter.
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Oil prices edged below $49 a barrel on  Wednesday as traders factored in expectations for petroleum  stock builds in weekly U.S. inventory data that would ease  supply worries ahead of peak northern winter demand.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.
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Oil prices tumbled again on Monday, sliding to an 8-week low under $46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.