Oil drops $3 from record highs
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Oil fell more than three dollars from its record high on Tuesday in a broad commodity sell-off sparked by uncertainty over how aggressive the U.S. Federal Reserve will be in fueling economic growth with further interest rate cuts.
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NEW YORK  - Global crude prices fell, capping a 13-percent, three-day plunge triggered by news of an unexpectedly sharp gain in US petroloeum stockpiles.
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Oil tumbled more than 2 percent to a three-month low below $87 a barrel on Wednesday amid persistent worries of a recession in top energy consumer the United States.
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Oil leapt to its third record high in a row on Monday as a brief halt to one-fifth of Mexico's production added fuel to a rally driven by a stand-off between Turkey and Kurdish rebels, a weak dollar and winter supply fears.
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World oil prices fell nearly $3 a barrel  on Wednesday, shedding 6 percent, as a larger-than-expected  build in U.S. heating stocks soothed worries about a winter  fuel deficit.
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Oil prices plunged more than $3 a barrel Wednesday -- the largest single-day decline in more than three years -- after the U.S. government reported large increases in the nation's fuel supply, easing fears of a supply crunch as winter approaches.
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U.S. oil eased and Brent backed away  from a new record-high on Tuesday as traders took profits from  a 3 percent surge after BP shut down Alaska's Prudhoe Bay  oilfield, the biggest in the United States, possibly for  months.
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OIL prices fell more than a dollar to a three-month low yesterday as mild winter weather sapped demand in the heavy energy consuming north-east of the United States.
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Oil prices fell 3.5% to a three-month low yesterday as mild winter weather sapped demand in the US Northeast, the world&#39;s largest heating oil market.
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World oil prices plummeted to a near three-month low on Thursday, capping a two-day, 12-percent plunge as fear of a global energy supply crunch evaporated.
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Singapore: Oil prices continued falling from record peaks in Asian trade Thursday after the United States reported a surge in crude oil inventories, dealers said.
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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.
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Oil prices fell more than a dollar to  $45 on Tuesday, in a third day of losses as a more optimistic  Iraq export picture helped unwind some of the supply worries  that have lifted the market to historic levels.
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Oil fell on Monday, extending the previous session's decline on profit taking from record highs, but hovered near $88 on simmering geo-political tensions and a weak dollar.
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Crude oil plunged almost $3 a barrel in New York on speculation that higher-than-normal temperatures in the eastern half of the US will limit heating oil needs.
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Oil prices have fallen 3 per cent after setting record highs above $US55 a barrel, as dealers took profits on signs that energy costs are hitting economic growth.
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Oil prices fell sharply from near record peaks on Wednesday after a larger-than-expected build in US crude stocks spurred traders to take profits from a fierce rally.