Oil prices retreat as US supplies rise
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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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LONDON : Oil prices rose slightly a day after renewed concerns over heating oil stocks in the United States brought a halt, even if temporary, to a sharp slide in prices in recent weeks.
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The historic oil-price climb is finally easing - giving the US economy some more wind in its sails. Crude-oil prices dropped sharply yesterday and are expected to slide lower
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Oil prices fell on Thursday on expectations that the United States might loan some crude to U.S. refiners from its strategic petroleum reserve after weather-related disruptions led to a big dip in supplies.
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NEW YORK, October 27  - Crude oil prices declined sharply today after the US weekly inventory data revealed a higher-than-expected increase in crude oil inventories last week.
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The price of crude reaches a new high in the US, driven up by official data showing a decline in heating oil stocks.
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Oil prices eased on Tuesday, as Middle East cyclone fears waned, but concerns over gasoline supply in the United States kept crude above the $70 mark.
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New York - Oil prices rose sharply Wednesday following the release of a US government report that said crude supplies fell by more than expected last week due to disruptions caused by Hurricane Ivan.
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US oil prices rose slightly on Wednesday, halting a three-day losing streak, although the market was expected to retreat further as concerns over a major supply disruption ease.
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Oil prices fall sharply after a US government report shows a steep build up in oil and petrol supplies.
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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 retreated in New York and rose marginally in London today as worries about the impact of Hurricane Frances subsided. New York&#39;s reference contract, light sweet crude for October delivery, tumbled
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NEW YORK -- Oil prices rose yesterday, reversing seven days of declines after the US government reported a decrease in the nation's crude inventories.
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Oil prices fell nearly 2 percent on  Wednesday after a U.S. government report showed a surprisingly  large increase in crude supply last week.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil and gas futures prices retreated yesterday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
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Oil prices extended losses on Thursday  after a bigger-than-expected rise in U.S. fuel inventories  soothed worries of a winter squeeze.