Oil price slides as Iraqi crude flows
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World oil prices skidded on Monday as Iraq pumped oil through its southern pipelines and Russia vowed to step up exports, but analysts said the days of high prices were not yet over.
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Oil prices eased again on Tuesday with  the re-opening of two Iraqi pipelines, helping lift shares but  leaving most financial markets trading in narrow ranges after  sharp reactions in previous sessions.
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By Malcolm Moore, Economics Correspondent (Filed: 27/08/2004). The price of oil continued to fall yesterday but a fresh attack on Iraqi pipelines kept it above $40 a barrel.
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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 prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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NEW YORK - Crude oil futures in New York have plunged 7.6 per cent in their biggest weekly decline in a year, because of reduced concerns about supply disruptions in Iraq.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze, but the fall was limited by an  upcoming OPEC meeting and Iraqi elections.
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World oil prices fell sharply again on  Tuesday as Iraq restored oil exports and hedge funds continued  the rush to take profits from record highs.
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Oil prices held steady on Tuesday  after falling 2 percent a day earlier and were set for further  falls in anticipation of higher U.S. crude stocks despite  concerns over disruptions to Iraqi oil flow.
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LONDON: World oil prices fell strongly yesterday for the second day running as worries over supply disruptions eased with traders claiming overnight pipeline attacks in major producer Iraq were unlikely to affect the country&#39;s crude exports.
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Crude oil futures fell as Iraqi exports rose and Russia said it would increase production this year, extending a decline that has cut almost $8 from the price in eight sessions.
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Oil prices slipped below $69 a barrel yesterday after a report that a strike in Nigeria hasn't affected oil exports from Africa's largest crude producer alleviated the market's supply concerns.
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Oil futures dropped by nearly $1 per barrel Monday despite pipeline sabotage in Iraq that has delayed exports from a southern port - reinforcing the view among traders that prices had risen too fast earlier this summer.
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Oil prices fell sharply to $45 on  Tuesday, extending losses to a third day 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 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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U.S. oil prices slid below $46 on  Tuesday, marking the third successive session of falls as Iraqi  exports returned to near normal, although supply uncertainties  kept the market close to historic levels.
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NEW YORK - Oil prices fell for the fifth day in a row on Thursday after word of a peace deal in the embattled Iraqi city of Najaf raised hopes of more reliable oil shipments from the energy-rich country and encouraged a run of profit-taking by big money