Crude Oil Falls as Energy Department May Tap Strategic Reserve
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Crude oil in New York fell from a one-month high after the White House said the US may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.
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Crude oil futures fell slightly Monday as traders speculated that slower economic growth next year might ease global oil demand. On the New York Mercantile Exchange, crude
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With oil prices close to &#36;50 a barrel, the Bush administration is set to allow oil refineries to borrow crude from the government's emergency petroleum stockpile to make up for supplies disrupted by Hurricane Ivan, a congressional source briefed on the pending decision told Reuters on Thursday.
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Two major oil companies and a small  Louisiana refiner are negotiating with the U.S. Department of  Energy to borrow crude from national emergency reserves as  crude production in the Gulf of Mexico only slowly recovers  from Hurricane Ivan, sources said on Friday.
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Oil prices continued to fall Wednesday amid a growing belief that a faltering U.S. economy will lower energy demand.
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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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NEW YORK, September 7 (New Ratings) - Crude oil futures declined yesterday in response to the news of Hurricane Frances missing the oil facilitates at the Gulf of Mexico.
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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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Crude oil futures fell in New York, extending the biggest two-day decline in 19 months, amid concern China&#39;s first interest-rate increase in nine years may slow growth in fuel demand in the world&#39;s second-largest oil consumer.
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Oil prices slipped Thursday but the decline was tempered by concerns about U.S. refinery capacity and worries that supply disruptions could result if Turkey attacks Kurdish rebels in northern Iraq.
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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WASHINGTON, Aug 20  - US Treasury Secretary John Snow said on Friday there had not yet been a large enough disruption to the supply of oil to warrant a decision to tap the US Strategic Petroleum Reserve.
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Oil prices were little changed Friday amid concerns over a possible slowing of the U.S. economy that could lead to a drop in fuel demand.
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NEW YORK : US shares ended mostly lower Thursday as oil prices kept moving higher despite news that US strategic reserves may be tapped to ease supply concerns.
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Crude oil fell in London, leading to its biggest three-day drop in a month, on rising US stockpiles and concern China is taking steps to slow demand in the world&#39;s second-largest oil consuming nation.
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Crude futures fell in the United States Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  loan out crude from its strategic petroleum reserve after  Hurricane Ivan sliced into supplies.