Oil falls from $100 record
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Oil fell on Friday from its $100 lifetime high as gloomy U.S. jobs data heightened concern of a slowdown in the world's top consumer that could dampen fuel demand.
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Oil fell to $90 a barrel on Monday, as weaker global stock markets spurred profit taking, although expectations that OPEC will resist pressure to raise output this week limited deeper losses.
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Oil prices dipped on Thursday after leaping to a lifetime high of $100 the day before amid a new-year rush of investor demand fuelled by expectations of thinning U.S. stockpiles, the falling U.S. dollar and geopolitical risks.
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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 driven by a Mexican supply outage and the spiralling dollar.
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Oil rallied to a fresh record high above  $92 a barrel on Friday as the dollar tumbled to a record low,  Washington imposed new sanctions on Iran and gunmen shut more  oil production in Nigeria.
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NEW YORK -- Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
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Crude oil fell from yesterday&#39;s record of $54.88 a barrel in New York amid concern that sustained high prices may slow economies and reduce demand for energy.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday after the US government released data showing healthy crude inventories and a surge in domestic fuel supplies .
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Oil tumbled nearly 3 percent on Monday as warm U.S. weather and threats of a recession in the top energy consumer dragged prices further from the $100 record struck last week.
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Oil fell sharply toward $87 a barrel on Monday as part of a broad-based commodities sell-off on concerns over the health of the U.S. economy and a recovery in the U.S. dollar.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said.
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Oil fell 2.6 percent on Monday as warm U.S. weather and threats of a recession in the top energy consumer dragged prices further from the $100 record struck last week.
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Oil futures retreated from record levels Wednesday as investors, rethinking crude's ability to keep climbing past $100, decided to cash in some of their profits from the market's huge advance.
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Stocks plunged on the first trading day of 2008 on Wednesday after oil hit $100 a barrel and U.S. manufacturing data showed signs of contraction, raising fears the economy may be heading into recession.
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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 broke over $100 a barrel for the first time on Thursday after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil fell on Friday after supply concerns and tight inventories pushed prices to a record above $80 a barrel for the third consecutive day.