Oil falls toward $78 as Atlantic storm fades
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Oil prices on Monday continued a retreat from record highs after tropical storm Ingrid faded in the Atlantic over the weekend, soothing fears it could hit Gulf of Mexico crude production and refining.
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Oil prices fall despite concerns about Iran's nuclear ambitions, as a storm looks set to leave US oil installations untouched.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to under $65 a   barrel after Iran sounded a softer note on its atomic program   and OPEC agreed to keep production steady for now.
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Oil fell toward $61 Tuesday on robust   U.S. inventories ahead of the winter heating season, but   producer group OPEC said the price slide from peaks this summer   had gone far enough.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the U.S. Northeast eased worries about heating oil suppplies.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating toward $65 a barrel,   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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Oil stayed near $63 a barrel on   Friday, weighed down by bulging natural gas and heating oil   inventories in the United States and the suspension of an oil   workers' strike in Nigeria.
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Oil prices slid on Monday, drifting toward $90 a barrel as a weak close on Wall Street spurred some profit taking, although expectations that OPEC will maintain its production curbs this week limited losses.
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Oil prices fell on Thursday as the U.S.  government considered whether to release crude from the U.S.  petroleum reserve after Hurricane Ivan sliced into supplies.
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Oil prices slid on Monday on expectations that more mild U.S. weather at the start of the New Year will limit heating oil demand.
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Global oil prices slipped on Thursday  as perceptions of a supply overhang outweighed concerns that a  hurricane in the Caribbean could hit U.S. offshore oil and gas  production in the Gulf of Mexico.
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Crude oil in New York fell for the first time in seven sessions on expectations that US stockpiles will rise in coming weeks as imports and production recover in the wake of Hurricane Ivan.
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Oil prices on both sides of the Atlantic have fall to some of their lowest levels in eight weeks, as shortage fears ease.
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World oil prices fell nearly $2 a barrel on Friday as dealers took profits from a recent rally, but the market remained on edge as powerful Hurricane Ivan thrashed through the Caribbean on a track toward the energy-rich Gulf of Mexico
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to under $64 a   barrel after Iran sounded a softer note on its atomic program   and OPEC agreed to keep production steady for now.
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Oil jumped $1 past $75 a barrel on  Tuesday as a top U.S. hurricane forecaster called for a busy  end to the Atlantic storm season, raising concerns over  potential oil and gas disruptions.
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Oil prices fell on Monday to a 7-week  low under $47 a barrel, as growing fuel stocks in the United  States eased fears of a winter supply crunch despite a cold  snap in North America at the weekend.