Crude price drop may be near end
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Oil dipping almost $1 doesn&#39;t signal the beginning of a major retreat, say commodities experts who suggest crude might never fall below $40 US a barrel again.
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Crude oil fell from yesterday&#39;s record of $54.88 a barrel in New York amid concern that sustained high prices may slow economies and reduce demand for energy.
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Crude oil futures prices briefly dipped below $48 a barrel Tuesday on expectations that US oil supplies will continue to grow and that heating oil inventories will be adequate this winter.
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Crude oil futures fell close to a one- month low on expectations a cease-fire in southern Iraq will reduce the sabotage of oil pipelines and supplies from Russia will increase.
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The crude oil price, based on the average price package of seven market-monitored crudes, fell to 38.89 dollars a barrel last week, down 2.46 dollars of the price in the previous
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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  release crude from the U.S. petroleum reserve after Hurricane  Ivan sliced into supplies.
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Oil producing â-pec and non-Opec â -ntries are concerned about the recent heavy fall in the value of dollar, in which international crude oil sales are priced.
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Is the recent fall in oil prices a turning point or merely a lull before demand picks up in the winter months?
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The historic oil-price climb is finally easing - giving the US economy some more wind in its sails. Crude-oil prices dropped sharply yesterday and are expected to slide lower
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Light crude dips but remains less than a dollar shy of an all-time high reached earlier this week. LONDON  - Oil prices remained just below record highs on Friday amid concern over possible conflict
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NYMEX crude oil futures were down slightly at just under &#36;46 a barrel on Tuesday but traders said prices were likely to resume their rise later in the week if U.S. inventories fall as expected.
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The last time prices fell from their year-earlier level was in April 1995, but the market slide might be beginning to ease.
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With the US presidential elections approaching, world oil prices appear to be going down. New York&#39;s main contract, light sweet crude for delivery in December, fell 26 cents to 49.
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Crude oil prices fell by $2.01 to $49.75 per barrel in morning trading on the New York Mercantile Exchange. Oil prices retreated from record closing prices last week, after the US government
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The higher crude prices could put a new drag on the economy at a time when it seems to be weakening.