Oil Under $53 as Fuel Costs Hit Economy
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Oil prices fell again on Tuesday, easing  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that fueled this year's sharp  increase in world petroleum consumption.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday , dipping below $67 as traders focused on slackening demand and rising supplies.
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Oil prices held near historic highs  over $53 a barrel on Tuesday, with global supplies hounded by  outages that were thwarting efforts to build U.S. heating oil  inventories ahead of the winter.
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NEW YORK Oil prices have skidded below 48 dollars a barrel 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 fell below $77 a barrel on Monday as some funds booked profits after OPEC expressed concern over near-record prices and pledged to pump more crude if needed.
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Oil prices fell again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that high energy costs  are slowing the economic growth that has fueled this year's  sharp increase in world oil consumption.
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Oil prices fell more than one dollar to sit just above $43 a barrel Monday as unusually mild winter weather in the United States eased fears that thin heating fuel stockpiles might prove inadequate.
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Oil costing roughly $53 a barrel is a major drag on the US economy, and Arab finance ministers have told the Bush administration they are committed to bringing the price down, Treasury Secretary John Snow said Sunday.
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Oil prices slipped under $66 on  Monday, adding to last week's slide on an improved U.S. supply  picture and signs of easing tension over Iran's nuclear  program.
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Oil held near $93 per barrel on Monday in thin trade, pressured by an uncertain economic outlook for top oil consumer the United States and a firmer dollar, but supported by concerns over shrinking world oil stocks.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news of an unexpected strike at Nigerian oil  terminals.
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Crude near $53 a barrel level as Nigeria and Norway set strikes, bombings in Egypt, Paris. NEW YORK (CNN/Money) - Oil prices see-sawed Friday, getting closer to the $53 a barrel level, as labor strife in Nigeria
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WASHINGTON -- Oil prices reached $53 US a barrel yesterday and have advanced more than 20 per cent in a month, largely because hurricane-hobbled output in the Gulf of Mexico has not been restored as quickly as expected.
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Oil hovered around $63 a barrel on   Friday, near its lowest levels since March, as ample U.S. fuel   stocks looked set to meet winter heating demand in the world's   biggest consumer.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news that a strike in Nigeria had put some crude  exports on hold.
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Oil prices ended lower on Tuesday on signs that high energy costs are slowing the economic growth that has fueled this year's sharp increase in world oil consumption.
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Crude oil futures finished above 53 dollars a barrel Friday as traders were unsettled about winter fuel supplies in the United States and labor-government confrontation in Nigeria.