Crude Oil Futures Slide for a Third Day as Iraq Raises Exports
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Crude oil futures fell for a third day as Iraq raised exports for the first time in two weeks, easing concern about supply shortages.
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Crude oil tumbled more than $3, its biggest decline in three years, after a government report showing an increase in US heating oil inventories spurred expectations of adequate supplies this winter.
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Crude futures fell by nearly $3 a barrel yesterday as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms in the US Midwest that kept motorists off the road.
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Oil slid for a third day on Wednesday but remained in a narrow trading range below $60 a barrel with little impetus to break out in either direction.
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Oil prices tumbled nearly $3 a barrel Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had expected.
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Aug. 19 (Bloomberg) -- Crude oil futures in New York rose to a record after a report showed near-record imports aren&#39;t helping US oil inventories keep pace with demand and as fighting in Iraq raised concern about its ability to boost exports.
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Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast.
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Oil prices fell about 3 percent on  Wednesday after U.S. crude supply rose while distillate fuel's  slip in inventory was within market expectations.
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Crude oil prices rose to a record for a third day, reaching $52.62 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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NEW YORK, December 23  - Crude oil prices declined for the second consecutive day today, trading near $44 per barrel, amidst reports of another pipeline attack in Iraq and a virtual re-nationalization of Russiaâs oil giant, Yukos.
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Oil prices dipped below $46 on Tuesday  in a third day of falls as a more optimistic Iraq export  picture helped unwind some of the supply worries that have  lifted the market to historic levels.
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WASHINGTON -- Oil prices tumbled for a third consecutive day yesterday, briefly falling below $45 a barrel, as geopolitical concerns that had brought the market to a boil in recent weeks appeared to cool off.
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World oil prices fell again on Tuesday as Iraq restored oil exports and hedge funds continued the rush to take profits from record highs.
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The price of crude oil fell for a third straight day today, brought down from a midweek record high by news of higher-than-expected US stocks and by Chinaâs latest moves to cool its economy.
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Crude oil futures fell as Iraqi exports rose and Russia said it would increase production this year, extending a decline that has cut almost $8 from the price in eight sessions.
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World oil prices fell again on Tuesday  as Iraq restored oil exports and hedge funds continued the rush  to take profits from record highs.
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Oil prices dipped below $46 on Tuesday,  making a third day of falls as a more optimistic Iraq export  picture unwound some of the supply worries that have lifted the  market to historic levels.