Oil slips as investors take profits from new peaks
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Oil prices fell nearly 1 percent to  below $93 a barrel on Tuesday, fading from their latest record  high as investors took profits from a rally fuelled by a  Mexican supply outage and the spiraling dollar.
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Oil prices retreated Tuesday as traders took profits from three straight sessions of gains and awaited a weekly US government energy report expected to show a rise in crude inventories.
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Oil prices fell heavily from near record  peaks on Wednesday after a sharp build in U.S. crude oil stocks  spurred traders to take profits from a fierce rally.
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Oil prices fell sharply on Monday in what traders described as a wave of profit-taking sparked by a steep decline in gasoline futures.
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Stocks declined on Monday as oil  prices spiked higher and companies like consumer goods giant  Colgate-Palmolive warned on earnings, stirring investor worry  about corporate profits.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiraling dollar.
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Oil edged lower on Thursday, but kept within sight of the previous day's all-time high above $80, as investors stayed locked into the market for the long haul.
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Oil prices fell from record peaks for a  second session on Wednesday as traders took profits from a  searing rally on signs that high prices are finally starting to  dampen demand.
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Oil prices have fallen as much as $16   from their peaks, their steepest reversal in 16 years, in a   correction that traders say may be harder to shake off than   past setbacks over the market's four-year rally.
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U.S. stocks inched lower on Friday but  fresh economic data drove the dollar and bonds higher, while  profit-taking pushed oil prices down after OPEC'S widely  expected decision to curb production.
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Oil prices eased back below $59 a barrel as investors focused on U.S. fuel data due later on Wednesday that is expected to show a rise in gasoline stocks in the world's top consumer.
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Oil prices fell over a dollar on  Thursday, tumbling from a two-week high as traders took profits  after dramatic gains on Wednesday driven by renewed fears over  fuel supplies for the northern winter.
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U.S. stocks slipped at the open on   Friday as falling crude oil prices dragged energy shares such   as Exxon Mobil Corp. XOM.N lower, offsetting optimism that   data on inflation won't cause the Federal Reserve to resume   raising interest rates.
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U.S. blue chips inched lower on  Tuesday afternoon as investors worried that oil prices, which  jumped to another record, will eat into corporate profits and  dampen consumer spending.
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Oil prices fell sharply from near record  peaks on Wednesday after a larger-than-expected build in U.S.  crude stocks spurred traders to take profits from a fierce  rally.
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Investors saw a major surge in oil prices and disappointing earnings from Morgan Stanley as a chance to collect profits Wednesday, sending stocks substantially lower.
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Oil prices slipped on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.