Crude futures retreat
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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 sold off sharply for a second day in row Thursday, falling below $44 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The drop to two-month lows triggered an additional wave of technical and speculative selling, traders said.
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WASHINGTON -- Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry's ability to quickly boost crude output -- to keep prices from plummeting any time soon.
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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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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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Now that the price of crude oil has crossed the $100-a-barrel threshold, and then retreated slightly, what direction will it take?
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Crude oil futures eased slightly Monday but remained close to the US$50 barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter, market-watchers said.
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: Crude futures fell again today, extending a decline over the past two weeks on the belief that rising US oil supplies will meet demand for the Northern Hemisphere winter.
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Crude futures drifted lower Thursday extending steep overnight falls that came as the US government reported a surprise increase in stocks of oil and distillates.
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Crude oil futures inched toward the 55 dollar milestone today, a day after US officials announced a decline in their countryâs inventory of heating oil, heating a market already on edge over tight supplies, high demand and unrest in key producers.
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New York crude oil futures fell, extending last week&#39;s 5.1 percent decline, on expectations warmer- than-normal weather in the US will reduce demand on the country&#39;s fuel stockpiles.
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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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Retail gasoline prices continued their slow retreat from their recent highs yesterday , but crude oil and gas futures advanced as concerns about refinery capacity persisted.
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Singapore - Crude oil futures slid further on Thursday, as concerns over heating oil supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US crude stocks.
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Crude oil futures fell Tuesday after moving above $47 US a barrel in intraday trading. December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel.
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Experts are divided on the next move for crude futures, and even on the factors that influence them. NEW YORK  - The biggest two-day slide in oil prices since 1991 may have brightened faces on Wall
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Crude oil prices fell by $2.01 to $49.75 per barrel in morning trading on the New York Mercantile Exchange. Oil prices retreated from record closing prices last week, after the US government