Oil Plunges as Demand Growth to Ease and Iraqi Shipments Rise
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Crude oil futures tumbled to a four- week low in New York on speculation that growth in demand will ease as supplies increase. US manufacturing growth was the slowest in more than a year
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Oil fell more than $1 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's top consumer.
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NEW YORK - Oil prices fell for the fifth day in a row on Thursday after word of a peace deal in the embattled Iraqi city of Najaf raised hopes of more reliable oil shipments from the energy-rich country and encouraged a run of profit-taking by big money
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Oil prices fell for the fifth day in a row on Thursday after word of a peace deal in the embattled Iraqi city of Najaf raised hopes of more reliable oil shipments from the energy-rich country and encouraged a run of profit-taking by
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Oil tumbled more than 1 percent on  Monday after Saudi Arabia's oil minister signaled satisfaction  with market conditions and some Asian refiners reported a rise  in anticipated Saudi supplies next month.
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Oil fell more than a dollar on Wednesday after U.S. inventory data showed a much bigger-than-expected rise in crude stockpiles.
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Oil prices tumbled nearly $3 a barrel Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had expected.
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Oil prices dipped below $46 on Tuesday, making a third day of falls as a more optimistic Iraq export picture unwound some of the supply worries that have lifted the market to historic levels.
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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 tumbled Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had been expecting.
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Oil prices fall as it emerges that supply from Iraq will not be affected by a bomb blast and Opec's  members are already producing more oil.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil prices fell by more than $1 a barrel yesterday and analysts said ample global supplies at a time of year when demand is weak could prompt more selling -- at least until winter heating demand kicks in.
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Oil prices extended their slide Friday on a growing sentiment that the country might be headed for a recession that would depress demand for oil.
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NEW YORK - Crude oil futures in New York have plunged 7.6 per cent in their biggest weekly decline in a year, because of reduced concerns about supply disruptions in Iraq.
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The price of oil slid toward $42 a barrel yesterday despite confusion about the status of Iraqi exports, indicating the market has become less worried about the global balance of supply and demand.
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London - Oil prices fell Wednesday as Iraq resumed pumping crude through a key northern pipeline, though supply concerns remained amid a fresh hurricane threat, analysts said.