Oil Ends Lower, Norway Ends Strike
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World oil prices ended lower on Monday  despite notching a record high earlier in the day as the  Norwegian government moved to end an oil workers' labor dispute  that threatened shipments from the world's third largest  exporter.
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Oil prices edged lower on Thursday, adding to a near 2 percent sell off the previous day caused by a smaller-than-expected drop in U.S. heating fuel inventories.
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Stocks ended lower yesterday as a sharp drop in the price of oil knocked down shares of energy-related companies, while the dollar resumed its decline, dropping to new lows against the euro.
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Oil prices fell in light trading yesterday , eased by the end of a Nigerian oil workers' strike over the weekend.
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Oil prices on both sides of the Atlantic have fall to some of their lowest levels in eight weeks, as shortage fears ease.
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Crude oil rebounded from its biggest drop in three years as 7 percent of Norway&#39;s production remained shut down. Statoil ASA, Norway&#39;s top oil company, has no estimate for when pumping will resume, a company spokesman said today.
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Oil prices steadied on Tuesday after  steep losses as concern faded over potential supply shortfalls  ahead of winter and Nigerian unions called off a strike that  could have disrupted exports.
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Labor unions on Saturday called off a strike aimed at overturning a government fuel-price hike, ending a four-day work stoppage that shut down most major economic activity in Africa's biggest oil producer, officials said.
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Oil workers threatened to step up an 11-week strike on Norwegian offshore oil fields on Friday by shutting down an oil production ship &#151; a move that could cut the amount of crude produced by the Nordic country by some 30,000 barrels a day.
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Oil fell below $93 per barrel Monday in thin trade as mild weather swept across the key heating regions of the United States, cutting fuel demand.
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Oil edged down on Friday after a  gasoline-led rally, but supply risks from the closure of a  shipping channel in the United States to a strike by oil  service workers in Norway provided support.
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Oil prices tiptoed lower on Tuesday,  marking a fourth day of losses as worries over potential supply  shortfalls ahead of winter faded and Nigerian unions called off  a strike that could have disrupted exports.
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Oil prices slipped below $69 a barrel yesterday after a report that a strike in Nigeria hasn't affected oil exports from Africa's largest crude producer alleviated the market's supply concerns.
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Labor unions on Saturday called off a strike aimed at overturning a government hike of automobile fuel prices, ending a four-day work stoppage that shut down most major economic activity in Africa's biggest oil producer, officials said.
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Crude oil prices fell slightly Friday, ending lower this week as worries about low winter fuel inventories dissipated amid rising oil stockpiles.
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NEW YORK: Oil dropped below $50 a barrel last night to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got underway.
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Oil prices slipped further below &#36;55 a barrel on Tuesday, breathing easier after a Norwegian strike threat receded but still anxious over the thin state of pre-winter heating oil supplies.