Oil Prices Cool As Iraqi Crude Flows
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World oil prices fell Monday on easing supply fears, as crude exports from Iraq&#39;s southern pipelines resumed close to normal levels, analysts said.
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Crude oil prices rebounded Friday after declining over the past week as traders worried about supply disruptions in Iraq and Nigeria.
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Exports of crude have resumed from oil fields in the north and south of Iraq, driving down prices on global markets overnight. After going just shy of $US50 a barrel at the end of last week, the key oil futures
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Crude oil futures fell for a third session, dropping as low as $45.35 a barrel, as increased Iraqi shipments signaled that supplies may be adequate to meet global demand.
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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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Oil prices fell for the fifth day in a row on Thursday after word of a peace deal in the embattled Iraqi city of Najaf raised hopes of more reliable oil shipments from the energy-rich country and encouraged a run of profit-taking by
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Crude oil futures fell close to a one- month low on expectations a cease-fire in southern Iraq will reduce the sabotage of oil pipelines and supplies from Russia will increase.
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Oil prices eased on Friday as OPEC looked set to keep output unchanged at its meeting this weekend, although concern ahead of Sunday's election in Iraq limited the fall.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher US crude stocks despite concerns over disruptions to Iraqi oil flow.
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The price of oil slid toward $42 a barrel yesterday despite confusion about the status of Iraqi exports, indicating the market has become less worried about the global balance of supply and demand.
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Oil prices fall as it emerges that supply from Iraq will not be affected by a bomb blast and Opec's  members are already producing more oil.
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By Malcolm Moore, Economics Correspondent (Filed: 27/08/2004). The price of oil continued to fall yesterday but a fresh attack on Iraqi pipelines kept it above $40 a barrel.
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Oil prices dropped sharply today, extending losses to a third day as a more optimistic Iraq export picture helped partly unwind some supply worries.
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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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Crude oil futures were little changed in New York after falling Friday on expectations reduced fighting in Iraq&#39;s holy city of Najaf may enable the country to restore oil exports to full capacity.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher U.S. crude stocks despite concerns over disruptions to Iraqi oil flow.
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Oil prices eased on Monday as top world  exporter Saudi Arabia slashed prices for its westbound crude  sales in an effort to shift the large volumes it is offering to  cool world markets.