Oil prices fall sharply after rise
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WASHINGTON -- Oil prices fell sharply yesterday after briefly surpassing $54 US a barrel despite nagging concerns that the global supply buffer is too thin to handle a significant disruption of output.
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Crude oil prices fell sharply for a second day Thursday as traders focused on rising fuel supplies and the warmer-than-normal weather in the United States.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Stocks ended sharply lower on Wednesday, as a build-up in oil supplies hurt energy stocks and bond yields touched session highs, weighing on financial shares and other rate-sensitive sectors.
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Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Oil prices fell on Friday as U.S. economic concerns mounted and traders took profits from a rally this week that sent prices to near record levels. U.S. crude settled down 62 cents at $96 a barrel, after trading as high as $97.92. London Brent settled 90 cents lower at $93.88 a barrel.
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Stocks fell sharply on Wednesday after  oil prices jumped more than a dollar to over $48 a barrel and  investment bank Morgan Stanley MWD.N reported a drop in its  quarterly profit.
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Oil prices fall more than a dollar in New York, after speculation Opec might increase output.
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Oil prices continued falling on Thursday after an unexpectedly large rise in US crude inventories spurred profit-taking from record highs.
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Business & money: Stockmarkets fell sharply on continuing fears of a recession in the US that also pushed oil prices below $90.
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Oil futures prices dropped nearly 5 percent Wednesday, in the biggest decline in five months, after an Energy Department report showed that the nation&#39;s crude supply rose more than expected.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.
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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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Oil prices tumbled to an 11-week low below $45 a barrel on Thursday, deepening a dramatic slide after an increase in US heating oil stocks eased worries of a winter supply squeeze.
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NEW YORK, October 27  - Crude oil prices declined sharply today after the US weekly inventory data revealed a higher-than-expected increase in crude oil inventories last week.
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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.