Oil Falls on Reduced Concern About Venezuelan, Russian Supply
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Aug. 17 (Bloomberg) -- Crude oil futures fell for a second day after a Russian state railway official said shipments of Yukos Oil Co. oil would continue and Venezuelan President Hugo Chavez won a recall vote.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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LONDON : Oil prices declined in opening deals as supply fears receded after Iraq resumed oil exports through its southern pipelines and speculative activity dwindled, analysts said.
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices fell as the market tracked fresh concerns about the US economy, with fears that a slowdown in the United States could dampen demand for crude, traders said Monday.
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U.S. crude dropped more than $4 on  Tuesday to its lowest level since early December on worries  that a possible U.S. recession would slow demand from the  world's largest energy consumer.
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Oil prices fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems
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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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Oil prices fell on Tuesday as an expected increase in US heating fuel supplies eased concerns over an inventory crunch should this winter&#39;s weather prove colder than normal.
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World oil prices fell on Monday in line with falling stock markets on fears that wider economic weakness could have a negative impact on demand for crude later this year, analysts said.
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Crude oil futures prices fell yesterday as concerns about reduced output in the North Sea were offset by expectations that an upcoming US government report would show rising inventories of heating oil.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.
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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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WASHINGTON -- Oil prices slipped yesterday after the president of Venezuela survived a recall referendum, though fears of potential supply interruptions in other parts of the world kept futures above $46 a barrel.
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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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Oil prices eased from record highs on  Monday as victory for Venezuelan President Hugo Chavez in a  referendum on his rule eased fears that unrest could upset the  country's oil exports.
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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.