Oil Price Dive Deepens as Supplies Swell
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Oil prices slid more than a dollar to  7-week lows on Tuesday as growing signs of ample supply eased  concerns over fuel stocks for the northern winter.
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Oil prices plunged more than $3 a barrel Wednesday - the largest single-day decline in more than three years - after the US government reported large increases in the nation&#39;s fuel supply, easing fears of a supply crunch as winter approaches.
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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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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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The price of oil sank for the fourth consecutive day yesterday amid profit taking and easing concerns about supply, dipping below $44 US a week after it threatened to hit $50 US.
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Oil prices moved back towards record highs tonight amid continued concerns over soaring demand and tight supplies.
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Oil fell more than $2 on Thursday, resuming a downturn that has slashed 12 percent from record highs as growing stockpiles ease worries of a crunch ahead of the Northern Hemisphere winter.
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Oil extended its retreat on Thursday, taking two-day losses to 6 percent after an unexpectedly large rise in US crude inventories spurred speculative funds to take profits out of record high prices.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed over a  $1 a barrel as traders took profits from the surge.
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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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NEW YORK -- Oil prices plummeted below $44 a barrel yesterday, sinking for the fourth consecutive day, as supply fears receded, gasoline futures plunged and profit- taking took over.
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Oil prices drop by nearly 7% as US government data showed a larger-than expected increase in crude inventories.
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WASHINGTON: Oil prices retreated slightly yesterday after surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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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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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday , dipping below $67 as traders focused on slackening demand and rising supplies.
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Oil  breaches the $81 a barrel mark on worries about rising demand amid constrained supply.
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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.