Update 10: Oil Prices Fall on Boost in Crude Supplies
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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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Crude futures plummeted yesterday after the US government reported surprising increases in the nation's supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude oil futures prices fell yesterday as concerns about reduced output in the North Sea were offset by expectations that an upcoming US government report would show rising inventories of heating oil.
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World oil prices fell on Thursday,  resuming a two-week slide as rising crude inventories eased  concerns over winter fuel supplies.
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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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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 slipped further from  record highs on Wednesday as traders locked in profits after  the market's $10 surge since mid-August.
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Oil prices fell nearly 2 percent on  Wednesday after U.S. crude supply rose while distillate fuel's  slip in inventory was within market expectations.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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US stockpiles of crude oil fell over the past week but supplies of gasoline and refined products were higher, the Department of Energy said.
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Crude oil prices fell Tuesday as traders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for December delivery fell 76 cents to settle at US$46.11 per barrel.
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Oil futures fell yesterday after Iraq, the sixth-largest supplier to the United States, boosted shipments to tankers to normal rates for the first time in two weeks.
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Singapore - Crude oil futures slid further on Thursday, as concerns over heating oil supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US crude stocks.
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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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Crude oil futures prices fell around the globe on Monday following a steep run-up on Friday that was prompted by persistent concerns about winter fuel supplies.
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Crude oil futures prices fell Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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US crude oil inventories fell over the past week, but stockpiles of refined fuels showed surprising gains, the Department of Energy reported.