Oil Extends Slide After Stockbuild Drop
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Oil prices continued falling on Thursday after an unexpectedly large rise in US crude inventories spurred profit-taking from record highs.
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Oil fell more than 2 percent on Wednesday after weekly U.S. inventory data showed a much bigger than expected rise in crude stockpiles heading into peak winter demand.
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Oil fell on Monday, extending the previous session's decline, as the market mulled over gloomy U.S. economic data and the impact on demand should the world's top energy consumer slip into recession later this year.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.
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U.S. stocks extended their declines on Wednesday, with the S&P tumbling more than 1 percent, as a build-up in oil supplies hurt energy stocks and bond yields touched session highs, weighing on financial shares and other rate-sensitive sectors.
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Stocks slipped on Monday as oil climbed toward a 10-month high near $70 a barrel, taking a toll on energy-dependent sectors, while more worrisome data from the housing sector weighed on home builders.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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U.S. stocks slipped on Monday as oil climbed toward a 10-month high near $70 a barrel, taking a toll on energy-dependent sectors, while more worrisome data from the housing sector weighed on home builders.
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Oil prices fell on Thursday, extending  losses triggered the previous session by U.S. data showing a  big rise in stocks of winter heating fuels in the United States  as mild weather suppressed demand.
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Oil fell on Monday, extending the  previous session's decline on profit taking from record highs,  but hovered near $88 on simmering geo-political tensions and a  weak dollar.
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Gasoline prices extended their slide at the pump Wednesday, while oil and gasoline futures gained on a surprise decline in gas inventories.
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Oil prices extended their decline on Wednesday to below $88 a barrel as poor U.S. economic data reinforced fears that the world's largest economy is on the brink of a recession, knocking stock markets lower.
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Oil fell on Monday, extending the previous session's decline on profit taking from record highs, but hovered near $88 on simmering geo-political tensions and a weak dollar.
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U.S. stocks fell on Monday as shares   of energy companies like Exxon Mobil Corp. XOM.N and those of   miners fell as crude oil prices extended a six-day sell-off and   bullion prices fell.
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.