Oil Slides Again on Weak US Jobs Data
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Battered oil prices fell again on Friday, extending this week&#39;s 14 percent slide, as disappointing US jobs data deepened a slump driven by easing worries about winter supplies.
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US blue chips edged down on Tuesday as oil jumped to another record and government data on the services sector showed that growth was slower than expected last month.
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Business & money: Stockmarkets fell sharply on continuing fears of a recession in the US that also pushed oil prices below $90.
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U.S. stocks slid on Friday after oil hit a record &#36;53.40 a barrel, while surprisingly weak September jobs data touched off a rally in the bond market.
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Oil prices traded marginally lower on Wednesday ahead of key U.S. data, which was expected to show a rise in heating fuel supplies as mild winter temperatures suppressed demand in the United States.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday after the US government released data showing healthy crude inventories and a surge in domestic fuel supplies .
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Oil prices got battered again on  Friday, bringing this week's slide to nearly 14 percent as warm  weather in the U.S. Northeast and disappointing U.S. jobs data  darkened prospects for energy demand.
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Oil prices slid $2 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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LONDON: Oil prices fell again on Tuesday, briefly taking US crude below $53 a barrel, on signs that energy costs are slowing the economic growth that drove this yearâs sharp increase in world fuel consumption.
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US oil prices inched below $50 a barrel again Tuesday, maintaining a week-long slide that has cut more than $5 off record-high prices as some traders cashed in profits ahead of the US presidential election.
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Oil prices fell on Wednesday as a U.S.  government report showing an expected decline in lean winter  heating fuel stocks was not enough to jolt the market out of a  steep recent slide.
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WEAK job growth figures and record-high oil prices pulled the rug from under US equities on Friday, despite soothing words from General Electric about the state of the American economy.
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US stockpiles of crude oil fell by 1.3 million barrels last week, the government reported Wednesday, sending prices to another record high.
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Battered oil prices dived another dollar  on Friday as weak U.S. jobs data deepened a slump driven by  easing worries about winter supplies.
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Oil futures skidded lower Thursday on growing concerns that a U.S. economic slowdown is imminent and will depress demand.
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Stocks slid on Friday after oil prices  climbed to a record over $53 a barrel and weaker-than-expected  U.S. job growth in September raised concerns about the  economy's strength with less than a month before the  presidential election.
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Oil slid further below $58 a barrel on Thursday after its repeated failure to breach $60 triggered a two-percent sell-off the previous day.