Drop in oil price lights fire under market
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The biggest one-day drop in the price of crude oil in more than three years ignited a rally Wednesday that sent the Dow Jones industrial average up by more than 160 points.
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Oil prices fell below $45 on Wednesday  dragged down by heavy losses on U.S. gasoline as summer driving  demand failed to meet expectations.
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Oil futures prices sank nearly 5 percent yesterday, 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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After a month-long rally that repeatedly pushed oil prices to new highs, the cost of a barrel slumped for the fourth day in a row, dropping by nearly $2 to below $44.
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NEW YORK - A sharp drop in oil prices gave Wall Street a small relief rally Monday, with stocks staying mixed after falling earlier in the session. Blue chips were held back by fears that the dip in oil prices would be temporary...
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices edged lower on Thursday, adding to a near 2 percent sell off the previous day caused by a smaller-than-expected drop in U.S. heating fuel inventories.
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Oil prices tumbled to an 11-week low  below $44 a barrel on Thursday, deepening a dramatic slide  after an increase in U.S. heating oil stocks triggered heavy  selling from big-money speculative funds.
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Crude oil prices plunged below US$44 a barrel in New York today, after government data showed US petroleum stocks rose across the board last week.
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London Brent crude slid below $58 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Oil fell by more than $4 on Tuesday to a new six-week low as global stock markets swooned on the growing prospect of a U.S.-led economic recession.
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Oil slipped below $75 on Wednesday but remained within sight of an all-time high ahead of U.S. data expected to show a further tightening of crude stocks in the world's top consumer.
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Global oil prices fall back from highs of more than $74 a barrel as US stockpiles grow.
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OIL prices reached a new high and sent stocks lower today, pushing the Dow Jones industrials back below 10,000. But with trading on Wall Street light and losses only moderate
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New York - Oil prices continued to plummet on Thursday, falling almost five per cent to hit a 12-week low. On the New York Mercantile Exchange, the January contract for light sweet crude was down $2.24 US
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London Brent crude slid over a dollar to $57 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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The price for a barrel of sweet, light crude oil experienced its biggest-ever drop in a dayâs trading on the New York mercantile Exchange (Nymex), falling from $55,21 to $52,51 on Wednesday to levels last seen on 12 October.