Oil Prices Fall as Concerns About Supply Begin to Ease
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Oil prices fell to a four-week low yesterday, briefly dropping below $50 a barrel, as traders grew less concerned about possible threats to supplies.
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London - Oil prices edged lower on Friday after a two-day rout that saw the value of crude drop 12 percent amid easing fears over a northern winter supply shortage, traders said.
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Oil prices fell Tuesday after losing nearly $2 a barrel the day before amid easing concerns about the possibility of more production cuts by OPEC members.
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Crude oil futures prices dropped below $51 a barrel yesterday as supply concerns ahead of the Northern Hemisphere winter eased after an unexpectedly high rise in US inventories.
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Oil prices turned lower Monday as traders apparently shrugged off worries about whether production cuts by two key producing nations were harbingers of further restrictions by OPEC members.
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Oil prices fell to their lowest in five  months before steadying on Thursday, pausing from a three-day  decline as dealers zeroed in on healthy U.S. inventories  heading into the mild autumn demand season.
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Oil prices edged lower on Wednesday,  keeping within sight of $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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Oil prices fell on Tuesday as an expected increase in US heating fuel supplies eased concerns over an inventory crunch should this winter&#39;s weather prove colder than normal.
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Oil prices fell back below $68 a barrel   on Wednesday to near this week's three and a half month low   after the end of the U.S. driving season helped to remove any   lingering concerns of supply shortage.
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Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
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Oil prices eased on Tuesday as fears of  supply disruptions receded following a convincing referendum  victory in Venezuela for President Hugo Chavez and after  Russia's YUKOS said it had received a government assurance on  September exports.
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Oil prices eased on Monday as  speculative funds continued to take profits but a tight global  supply picture stopped the selling from gaining much momentum.
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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.
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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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Oil prices slid on Monday on expectations that more mild U.S. weather at the start of the New Year will limit heating oil demand.
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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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LONDON : Oil prices fell slightly in opening deals on hopes of an easing of tensions in Nigeria&#39;s key oil producing region, traders said.