Oil falls toward $78 as Atlantic storm fades
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Oil extended a retreat from record highs on Monday, sliding towards $78 a barrel after tropical storm Ingrid faded in the Atlantic and eased fears it could hit rigs and refineries in the Gulf of Mexico.
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Oil eased further below $64 on Tuesday   due to healthy U.S. fuel stocks, but a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico limited the   decline.
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Oil slipped on Monday to around $59 a barrel, pressured by expectations for warmer weather in the United States and supported by threats to supply in Nigeria.
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Oil fell further toward $60 a barrel on Tuesday, extending Monday's steep drop on forecasts of a further increase in fuel inventories in top oil consumer the United States.
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Oil fell below $93 per barrel on Monday in thin trade as mild weather swept across the key heating regions of the United States, cutting fuel demand.
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Oil prices fell on Monday to a seven-week low just under $47 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch despite a cold snap in North America at the weekend.
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Oil prices fell on Thursday as forecasts  of mild U.S. weather prompted traders to take profits from a  rally that has added over 30 percent to the cost of crude this  year.
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US oil prices hovered just shy of $44 a barrel on Tuesday, awaiting the arrival of Hurricane Ivan in the oil-rich Gulf of Mexico, where energy companies had evacuated thousands of offshore workers and shut some production.
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Oil prices fall despite concerns about Iran's nuclear ambitions, as a storm looks set to leave US oil installations untouched.
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Oil prices slid on Monday on  expectations that more mild U.S. weather at the start of the  New Year will limit heating oil demand.
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Oil fell toward $61 on Tuesday on   robust U.S. inventories ahead of the winter heating season, but   producer group OPEC said the price slide from peaks this summer   had gone far enough.
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Oil prices remain around the $82-a-barrel mark, over fears a storm may develop in the Gulf of Mexico.
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Oil fell $2 to below $75 a barrel on  Thursday after Britain said it had thwarted a plot to blow up  aircraft in transatlantic flight and investors recalled the  slump in fuel demand that followed 9/11.
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Oil slipped toward $63 on Tuesday as   traders balanced healthy U.S. fuel stocks ahead of winter with   a fresh delay to BP's giant Thunder Horse oilfield in the Gulf   of Mexico.
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US oil prices slid more than half a dollar to below $44 a barrel on Monday as unusually mild winter weather in the United States curtailed demand.
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Oil slid to around $58 a barrel on Wednesday, taking losses for the week to more than 7 percent and London Brent crude to its lowest this year, on forecasts of a further rise in bulging U.S. fuel stockpiles.
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Oil prices inched closer to $50 a barrel Thursday even as the Bush administration considered tapping the nation&#39;s emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.