Oil Down as US Plans Emergency Loans
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Shell and other oil companies sought loans from the US reserve after Hurricane Ivan disrupted oil imports and production. While the added supply from the Strategic Petroleum Reserve
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Oil prices fell below $48 a barrel as tensions between US forces and rebel fighters in Iraq eased, raising hopes that attacks against the country&#39;s oil infrastructure would subside. US light crude for September delivery settled at $47.86 on the New York ...
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Oil prices fell as the market tracked fresh concerns about the US economy, with fears that a slowdown in the United States could dampen demand for crude, traders said Monday.
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Oil prices sank under 90 dollars on Wednesday as traders seized on rising US crude reserves and after US President George W. Bush called on OPEC to increase output to help cut the cost of energy.
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Oil prices fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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Crude futures fell in the United States Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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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.
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Oil prices fell to just above $48 on  Friday after the U.S. government said it would lend refiners  crude from the Strategic Petroleum Reserve (SPR), but traders  deemed the loan too small to have a lasting impact.
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Crude oil futures fell nearly a dollar today in New York, as the focus shifted to expectations of across-the-board builds in US petroleum-inventory data due out tomorrow.
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Crude oil futures tumbled below $48 US a barrel Tuesday, closing at their lowest level in seven weeks, on rising expectations that the US supply of transport and home-heating fuels will be adequate this winter.
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Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories ahead of winter.
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Oil fell to a six-week low on Tuesday, dragged lower by a stock market plunge and fears a slowdown in the United States could have a much wider impact than previously thought.
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LONDON: Oil prices fell again on Tuesday, briefly taking US crude below $53 a barrel, on signs that energy costs are slowing the economic growth that drove this yearâs sharp increase in world fuel consumption.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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Oil prices fell more than 3 percent on  Monday as forecasts of a return to mild winter weather in the  United States eased fears that thin heating fuel stockpiles  could prove inadequate.
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With oil near $50 a barrel, the Bush  administration is set to allow oil refineries to borrow from  the government's emergency petroleum stockpile to make up for  supplies disrupted by Hurricane Ivan, a congressional source  briefed on the pending decision told Reuters on Thursday.