Oil drops below $87 on recession fears
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Oil prices fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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Oil prices fell again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that drove this year's sharp  increase in world fuel consumption.
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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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Oil fell by more than $4 on Tuesday to a new six-week low as global stock markets swooned on the growing prospect of a U.S.-led economic recession.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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Oil slid towards $76 on Monday, as traders waited to see if top exporter Saudi Arabia will continue to back steady OPEC supply curbs, after weak U.S. jobs data raised concerns of a recession that could hit demand.
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Oil dropped nearly 3.5 percent to below $58 on Monday as OPEC members including Saudi Arabia signaled the group would probably keep output stable when it meets in March and as U.S. winter supply concerns eased.
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Oil futures skidded lower Thursday on growing concerns that a U.S. economic slowdown is imminent and will depress demand.
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U.S. crude dropped more than $4 on Tuesday to its lowest level since early December on worries that a possible U.S. recession would slow demand from the world's largest energy consumer.
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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SINGAPORE/LONDON  - Oil eased below $63 a barrel on Monday as investors weighed plans by OPEC members Nigeria and Venezuela to trim output against healthy inventories in top consumer the United States.
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U.S. stocks opened lower on Monday, as  oil prices held above $55 a barrel, with the blue-chip Dow  hitting a new low for the year as investors worry that high  energy prices will dampen economic growth.
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Oil slid to around $58 a barrel on Wednesday, taking losses for the week to more than 7 percent and London Brent crude to its lowest this year, on forecasts of a further rise in bulging U.S. fuel stockpiles.
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Oil prices fell more than a dollar to  under $43 a barrel on Monday as unusually mild winter weather  in the United States eased fears that thin heating fuel  stockpiles could prove inadequate.
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Oil prices tumbled again on Monday to an  8-week low under $46 a barrel, as growing fuel stocks in the  United States eased fears of a winter supply crunch.
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Oil fell below $93 per barrel on 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 slid almost $2 to a six-week low below $89 a barrel on Monday, as stock markets plummeted and concerns mounted over an economic slow-down led by top consumer the United States.