Crude Oil Drops After Gains in US Stocks, Warmer Weather
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Crude oil futures extended their decline, after falling 3 percent yesterday when a US report showed an unexpected rise in distillate and crude 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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Crude oil prices fell Wednesday amid expectations that U.S. fuel supply data will show that gasoline stocks rose last week.
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Oil futures steadied Thursday after a jump that reflected a drop in US crude and heating oil stocks amid rising demand fueled by cold weather spreading across the US Northeast and Midwest.
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Oil prices fell more than a dollar on  Wednesday as U.S. data showing builds in crude and product  inventories unwound fears for winter fuel shortages.
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Oil prices retreated Tuesday as traders took profits from three straight sessions of gains and awaited a weekly US government energy report expected to show a rise in crude inventories.
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U.S. stocks rose on Wednesday as crude  oil futures fell more than $2 a barrel on a big jump in U.S.  petroleum supply, easing worries about the impact of energy  costs on corporate profits and economic growth.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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The price of crude oil falls by more than a dollar in New York, as mild weather in northern US states eases demand for heating oil.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Crude oil fell to the lowest in more than four months on speculation that warm weather and increased refinery production bolstered US heating-oil stockpiles last week.
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OIL prices fell again yesterday as forecasts of mild weather in the United States prompted traders to take profits from a rally that has added more than 30 per cent to the cost of crude this year.
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Oil prices fell on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.
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Crude oil futures dropped more than US$1 to hit $43 at midday today in a correction of yesterday&#39;s surge. Prices rose slightly at first as traders sought to build on yesterday&#39;s gains but buying quickly gave way to a wave of selling.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Stocks slipped on Monday as a pullback in crude oil prices weighed on energy companies, including Exxon Mobil Corp , and as caution before housing data tempered optimism from the latest takeover activity.