Oil Eases as Saudi Offers Big Discounts
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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.
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Oil&#39;s days at $50 per barrel look numbered, former Saudi oil minister Sheikh Ahmed Zaki Yamani says, predicting that prices should ease unless politics or a tough winter get in the way.
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The price of oil continues sliding downwards, on expectations of warmer weather ahead.
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Oil prices eased on Tuesday, as  Middle East cyclone fears waned, but concerns over gasoline  supply in the United States kept crude above the $70 mark.
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World oil prices fell by more than 1 percent on Monday, deepening earlier losses, after Saudi Oil Minister Ali al-Naimi was quoted as saying markets were healthier and an industry source said that one South Korean refiner would receive an increase in Saudi supplies in March.
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NEW YORK, December 30  - Crude oil prices declined marginally today, after rising 4.5% yesterday on news of terrorist attacks in Saudi Arabia, the worldâs largest exporter of oil.
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Oil eased below $61 a barrel on Tuesday, extending a 3 percent drop in the previous session, as forecasts for a further build in fuel stocks in the United States offset slight cuts in OPEC output.
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World oil prices eased on Friday, with  shortened trading hours in New York and London, as traders  squared positions ahead of a long U.S. weekend.
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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Oil prices ticked lower on Thursday, holding most of the previous day&#39;s gains after two car bombs in Saudi Arabia rekindled fears over Middle East supply security, one
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Oil prices eased but held over $76 on  Monday, as expectations OPEC will maintain supply curbs on  Tuesday countered weak U.S. jobs data that raised concerns of a  recession in the world&#39;s top consumer.
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Oil prices slipped on Thursday,  holding most of the previous day's gains after car bombs in  Riyadh rekindled fears over Middle East supply security, one  factor behind a rally that pushed the average U.S. crude price  34 percent higher this year.
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Oil prices fell slightly on Thursday,  but held most of the previous day's gains after two car bombs  in Saudi Arabia rekindled fears over Middle East supply  security, one of the factors behind this year's 33 percent  rally.
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Oil prices dipped below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second OPEC supply cut and news of deepening Saudi export curbs.
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Crude futures eased on Thursday as the previous sessionâs rally, sparked by US inventory draws and a suicide bombing in Saudi Arabia, petered out ahead of the long New Year weekend.
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Oil on Tuesday extended a price slide  that has cut 12 percent from record highs in two weeks as  growing signs of ample supply eases concerns over fuel stocks  for the northern winter.
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Oil prices slipped toward $54 a  barrel on Tuesday as traders breathed easier after a Norwegian  strike threat receded but remained anxious over the thin state  of global pre-winter heating oil supplies.