Update 2: Crude Oil Futures Ease Slightly
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Crude oil futures eased slightly Monday but remained close to the US$50 barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter, market-watchers said.
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US oil prices rose slightly on Wednesday, halting a three-day losing streak, although the market was expected to retreat further as concerns over a major supply disruption ease.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before closing lower amid concerns about low US heating oil inventories ahead of winter.
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Crude-oil futures gave back much of the previous session&#39;s gains today, dropping about 2 percent after seeing no further terrorist incidents in Saudi Arabia.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Oil prices edged lower in thin early trade on Wednesday, keeping within sight of &#36;50 a barrel on supply worries in the United States, where weekly data is expected to show a draw in distillate inventories.
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Crude oil prices fell Tuesday astraders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for
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U.S. crude futures skidded more than  half a dollar lower on Monday, as a mild New Year's weekend in  the United States and forecasts for above-average temperatures  were expected to cap heating oil demand, traders said.
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U.S. oil prices hovered just below &#36;50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Crude oil futures steadied at under $46 a barrel Thursday, after healthy US inventory data eased fears about a supply crunch over the Northern Hemisphere winter.
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CRUDE oil futures eased below $US46 a barrel in Asia today as traders awaited the weekly US crude inventory report, which has helped bring down prices in recent weeks by showing a recovery in supplies.
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NEW YORK, Dec. 3 -- Stocks gained slightly Friday and the major indicators ended higher for the second straight week. Crude oil futures continued their decline, falling below $43 per barrel for the first time in 2 1/2 months.
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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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US stock futures pointed to a slightly lower open on Wednesday, as investors take a breather after Tuesday&#39;s run-up, with a lightly staffed Wall Street awaiting oil inventory data for some direction.
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Oil futures fell slightly yesterday even as the market braced for a possible Arctic blast in the United States that could drive up demand for home-heating fuels.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before retreating sharply amid concerns about low US heating oil inventories ahead of winter.