Oil recoils after breaking $100 a barrel
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.
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Banks wonât lend money. Oil has reached $100 a barrel. Unemployment is up. Whatâs a Fed chief to do?
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Oil prices pulled further back from the brink of $100 a barrel on Thursday after fresh signs of weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.
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Oil futures shot to a new record above $100 for the first time since Jan. 3 as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
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Stock index futures slipped on Thursday as oil prices stayed near $100 a barrel and as investors were nervous before data on jobs and factory orders.
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Global oil prices fall back from highs of more than $74 a barrel as US stockpiles grow.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally driven by a Mexican supply outage and the spiralling dollar.
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Oil prices fell toward $87 a barrel on Wednesday, extending this month's losses to more than 5 percent, after a government report showed a surprisingly big build in U.S. petroleum stockpiles.
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Oil eased from near a record high of $100 a barrel on Thursday, pressured after fuel inventories rose in top consumer the United States.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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Oil stayed near $63 a barrel on  Friday, weighed down by bulging natural gas and heating oil  inventories in the United States and the suspension of an oil  workers' strike in Nigeria.
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Oil rose above $98 a barrel before falling back on Monday as reports of rising tensions in the Middle East outweighed concerns of demand outlook in top consumer United States from a feared economic recession.
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Oil prices hit $100 a barrel Wednesday for the first time ever, amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies
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Wall Street gave up a big early gain Tuesday as oil prices closed above $100 for the first time and stoked fears that inflation will stymie an already troubled economy.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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Oil prices slid on Monday, drifting toward $90 a barrel as a weak close on Wall Street spurred some profit taking, although expectations that OPEC will maintain its production curbs this week limited losses.
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Stocks plunged on the first trading day of 2008 on Wednesday after oil hit $100 a barrel and U.S. manufacturing data showed signs of contraction, raising fears the economy may be heading into recession.