Oil drops below $60 as stockpiles weigh
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Oil prices fell below $60 a barrel on   Wednesday for the first time in six months on swelling U.S.   winter fuel stocks, but top exporter Saudi Arabia said the   market may have fallen enough.
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Oil slid for a third day on Wednesday, but stayed within in a narrow range below $60 a barrel and lacked the impetus to break out in either direction.
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Oil eased near $60 on Wednesday following big gains the previous day spurred by disruption of Alaskan crude exports and ahead of U.S. government data expected to show declining stocks of heating and transport fuels.
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Oil prices ticked lower on Thursday for the third day in a row as rising U.S. gasoline supplies countered a surprise drop in crude inventories in the world's largest energy consumer.
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U.S. crude inventories dropped to an eight-month low last week and stocks of gasoline slumped to their lowest level in two years, a weekly government report said Wednesday.
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.
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Oil prices fell to a new six-month low   below $60 a barrel on Monday as news of BP restoring output at   Prudhoe Bay added to a sense of healthy global supplies.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories ahead of  winter.
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Crude oil prices fell slightly Friday, ending lower this week as worries about low winter fuel inventories dissipated amid rising oil stockpiles.
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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 slid below $61 a barrel on   Wednesday on rising winter fuel stocks and waning concern about   Iran, but Saudi Arabia, the world's largest exporter, signaled   the market may have fallen enough.
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Oil prices fell to seven-week lows near &#36;47 a barrel on Wednesday as traders braced for another increase in U.S. oil and gas inventories.
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Crude oil prices traded below $60 a barrel today for the first time in six months, and ended the day at $61.40.
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Oil eased near $60 on Wednesday  following big gains the previous day spurred by disruption of  Alaskan crude exports and ahead of U.S. government data  expected to show declining stocks of heating and transport  fuels.
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Oil prices fell to a six-month low  under $60 a barrel on Monday as BP's move to restore output at  Prudhoe Bay earlier than expected added to a sense of healthy,  secure supplies, while demand growth questions loomed large.
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Oil tumbled $2 on Tuesday to below $60 a barrel, sinking to the lowest level since February and prompting OPEC's president to call on the exporter group to deepen supply cuts.
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Oil prices fell more than a dollar to  under $43 a barrel on Monday as unusually mild winter weather  in the United States eased fears that thin heating fuel  stockpiles could prove inadequate.