Oil Prices Drop as US Reports Rising Inventories
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Crude oil prices plunged below US$44 a barrel in New York today, after government data showed US petroleum stocks rose across the board last week.
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Oil prices continue to fall back from recent record highs, after a US report showed an unexpectedly large rise in crude stocks in America.
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Oil prices fell Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.
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Crude oil fell almost $2 a barrel, the biggest decline in two weeks, after the US Energy Department reported an unexpected rise in inventories.
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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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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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Oil prices fell sharply on Wednesday  after a U.S. government report showed a big increase in  national petroleum stockpiles, easing worries of a crunch at  the height of the winter heating season.
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Oil prices fell about 3 percent on  Wednesday after U.S. crude supply rose while distillate fuel's  slip in inventory was within market expectations.
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Oil prices fell on Tuesday as an  expected increase in U.S. heating fuel supplies eased concerns  over an inventory crunch should this winter's weather prove  colder than normal.
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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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Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast.
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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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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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Crude oil futures prices dropped below $51 a barrel yesterday as supply concerns ahead of the Northern Hemisphere winter eased after an unexpectedly high rise in US inventories.
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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.
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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.