Oil recoils after breaking $100 a barrel
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to the psychological $100 a barrel mark two days in a row -- a level that has raised a red flag over economic growth.
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Oil held near its lifetime high of $100 a barrel on Thursday, fuelled by expectations of another fall in U.S. fuel stocks and a struggling U.S. dollar.
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Oil stayed near $63 a barrel on   Friday, weighed down by bulging natural gas and heating oil   inventories in the United States and the suspension of an oil   workers' strike in Nigeria.
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Oil prices fell on Friday as U.S. economic concerns mounted and traders took profits from a rally this week that sent prices to near record levels. U.S. crude settled down 62 cents at $96 a barrel, after trading as high as $97.92. London Brent settled 90 cents lower at $93.88 a barrel.
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Oil prices receded on Friday as dealers took profits from a record rally over $90 a barrel that was spurred on by winter supply worries and the weakening U.S. dollar.
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Oil prices slid on Monday, drifting  toward $90 a barrel as a weak close on Wall Street spurred some  profit taking, although expectations that OPEC will maintain  its production curbs this week limited losses.
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Business & money: US crude oil prices hit the psychological barrier of $100 a barrel for the first time today
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries and a weak dollar triggered a surge of speculative buying, dealers said.
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Now that the price of crude oil has crossed the $100-a-barrel threshold, and then retreated slightly, what direction will it take?
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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Oil fell sharply toward $87 a barrel on Monday as part of a broad-based commodities sell-off on concerns over the health of the U.S. economy and a recovery in the U.S. dollar.
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Oil fell on Friday from its $100 lifetime high as gloomy U.S. jobs data heightened concern of a slowdown in the world's top consumer that could dampen fuel demand.
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Business & money: Crude oil over $100 a barrel for the first time, following jitters over possible tightening of supply
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NEW YORK -- Oil prices pulled back after briefly surpassing $62 a barrel yesterday, as traders regarded forecasts of warm US weather as an opportunity to take some profits.
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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 vaulted to a record $100 a  barrel on Wednesday as violence in Nigeria, tight energy  stockpiles and a weaker dollar triggered a surge of speculative  buying, dealers said.
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Oil held steady on Friday, hovering at about $99 a barrel, after falling the day before as traders took profits from a record rally that saw crude prices spike to over $100 a barrel.