London Oil Down to $40; Funds Take Profit
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London oil prices fell briefly through $40 on Thursday for the first time in three weeks, extending four sessions of heavy losses made as renewed exports from Iraq and higher-than-expected US gasoline inventories encouraged big-money
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London equities fell back in opening trade on Thursday as financial stocks continued to drift lower, but bullish commodities prices helped resource companies keep overall losses small.
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Brent hits 3-week low as Sistani enters Najaf with peace plan, big-money funds take profits. SINGAPORE  - US light crude prices fell below $43 a barrel Thursday, extending heavy losses to a fifth
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Oil prices fell heavily in London, mirroring large losses seen in New York the day before over easing tensions in Iraq.
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Comment is free: Jeremy Leggett: Oil firms' output is down, yet profits skyrocket. It all points to the crisis predicted by the peakists
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Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.
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Oil prices fell below $61 on Friday as easing U.S. supply concerns spurred a bout of profit taking.
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Blue chips ended lower yesterday as a drop in oil prices hit energy shares and buyers took profits after a series of record-high closes.
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Oil prices tumbled to an 11-week low  below $44 a barrel on Thursday, deepening a dramatic slide  after an increase in U.S. heating oil stocks triggered heavy  selling from big-money speculative funds.
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LONDON, United Kingdom -- Oil prices fell back from record highs Monday, ducking below 50 dollars in New York as fears of disruption to supplies from Nigeria receded after a peace deal between rival gangs in the oil-rich Niger Delta.
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Oil eased to under $91 on Tuesday on profit-taking after an early rally.
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Oil prices fell from record peaks for a  second session on Wednesday as big-money funds took profits  from a searing rally on signs that high commodity prices are  finally starting to dampen demand.
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US OIL prices fell further yesterday on continued profit-taking as producer-group OPEC promised production increases in the coming months.
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Oil prices slipped below $69 a barrel yesterday after a report that a strike in Nigeria hasn't affected oil exports from Africa's largest crude producer alleviated the market's supply concerns.
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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 fell to a fresh five-month  low on Monday as a bout of fund-led selling countered a cut to  supplies by top OPEC exporter Saudi Arabia.
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OIL prices eased further below $50 a barrel yesterday, extending a week-long bout of profit-taking that has cut more than $5 from record-high crude ahead of the US presidential election.