Crude futures retreat
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NEW YORK -- Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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Crude futures fell by nearly $ 3 a barrel as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms.
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Crude futures fell more than $1 a barrel yesterday amid mild weather in the US Northeast on the first trading day of the new year.
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Crude oil prices retreated Monday as Norwegian officials ordered striking oil workers to resume their work, reducing market&#39;s fears over disruptions in Norwegian oil supplies.
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NEW YORK Crude oil prices are falling sharply as traders anticipate warmer weather in the US later in the week. Also pulling futures prices down are the weekend snowstorms in the Midwest that kept motorists off the road and planes grounded.
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A decline in the nation's inventory of heating oil catapulted crude futures prices toward $55 a barrel today.
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Crude oil futures fell, extending last week&#39;s 4 percent decline, on speculation rising US oil supplies will be sufficient to meet winter fuel demand.
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WASHINGTON: Oil prices retreated slightly yesterday after surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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Crude futures plummeted yesterday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude futures prices fell slightly on Friday, capping off a 5 percent decline from a week ago, as worries about low winter fuel inventories dissipate amid rising oil supplies.
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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Crude oil extended its retreat on Monday from a 21-year high near &#36;50 a barrel, lifting most Asian shares and giving investors some respite from concerns that energy costs would choke off profits and economic growth.
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Crude oil futures prices fell Tuesday on growing expectations that a winter supply crisis will be averted and after union leaders canceled a strike in major exporter Nigeria.
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SINGAPORE: Crude oil futures fell further in Asian trading after an unexpectedly sharp jump in US commercial petroleum stocks, dealers said.
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Crude-oil futures gave back much of the previous session&#39;s gains today, dropping about 2 percent after seeing no further terrorist incidents in Saudi Arabia.
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Energy futures rose but retreated from earlier highs Tuesday after the government reported a surprisingly large drop in crude oil inventories and accompanying declines in gasoline supplies and refinery activity.
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A decline in the nation&#39;s inventory of heating oil catapulted crude futures prices toward $55 a barrel yesterday, providing the latest jolt to a market already