Update 10: Oil Prices Fall on Boost in Crude Supplies
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A boost in US crude and natural gas supplies brought some relief to oil markets Thursday, with crude futures falling below the $50-a-barrel mark.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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TORONTO (CP) - A drop in oil prices on reassurances of a steady supply of crude gave stock markets a boost Tuesday. The price of crude oil futures for October delivery on the New York Mercantile Exchange dropped 68 cents to $43.
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Oil prices fell on Tuesday as an  expected increase in U.S. heating fuel supplies eased concerns  over an inventory crunch should this winter's weather prove  colder than normal.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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The price of crude oil slips back from a record of more than $80 a barrel, but worries about supply persist.
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Oil prices fell on Wednesday after a  U.S. government report showed a surprise increase in heating  oil stockpiles in the dead of winter, thanks to strong refining  activity and mild weather.
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Oil prices fell on Thursday, resuming a three-week downturn as rising world crude supplies replenish consumer inventories. US light crude futures were down 69 cents at $46.15 a barrel, erasing Wednesday&#39;s 73 cent advance.
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Oil prices fell sharply Wednesday after a government report that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering production problems in the wake
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Crude oil prices fell slightly Friday, ending lower this week as worries about low winter fuel inventories dissipated amid rising oil stockpiles.
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Crude oil futures prices fell yesterday as concerns about reduced output in the North Sea were offset by expectations that an upcoming US government report would show rising inventories of heating oil.
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Oil prices fell Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
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Crude oil futures prices fell around the globe on Monday following a steep run-up on Friday that was prompted by persistent concerns about winter fuel supplies.
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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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Oil prices fell on Monday on expectations of higher U.S. refinery production and after remarks by OPEC that it is ready to pump more oil if needed.
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Crude oil futures prices fell 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 Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.