Oil prices fall as US supplies rise
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Oil prices fell Wednesday after the government reported 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 output problems
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Oil futures prices plunged by more than $2 a barrel Thursday, continuing a selloff that began last week amid rising US supplies of crude and expectations of a surge in heating oil production before winter arrives.
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Oil prices fall for a fourth day, in advance of US figures that are expected to show a rise in inventories.
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Crude futures plummeted Wednesday after the US government reported surprising increases in the US supply of oil and distillate fuel, which includes heating oil and diesel.
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Oil prices fell yesterday after U S government data showed rising supplies of crude. Natural gas futures declined on the heels of a separate report that showed healthy domestic inventories of the home-heating fuel.
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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 fall sharply after a US government report shows a steep build up in oil and petrol supplies.
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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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NEW YORK Oil prices have skidded below 48 dollars a barrel 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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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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Oil prices extended losses on Thursday  after a bigger-than-expected rise in U.S. fuel inventories  soothed worries of a winter squeeze.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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Oil prices ticked lower on Thursday for the third day in a row as rising U.S. gasoline supplies countered a surprise drop in crude inventories in the world's largest energy 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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Stock markets traded lower this afternoon as the price of crude oil shot up on the latest US supply report while investors were frustrated at a series of corporate earnings disappointments, warnings and downgrades.
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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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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.