Crude oil futures fall below $49 US a barrel as oil supplies grow
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Oil futures prices fell Wednesday after an American government report showed US supplies of crude rising sharply, allowing traders to shrug off the fact that inventories of heating oil are still tight.
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Oil prices fell to seven-week lows near &#36;47 a barrel on Wednesday as traders braced for another increase in U.S. oil and gas inventories.
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Crude oil futures fell Tuesday after moving above $47 US a barrel in intraday trading. December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel.
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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Oil prices fell Thursday after moving close to US$49 a barrel as markets digested news of a rise in crude inventories but lower-than-expected US heating oil stocks.
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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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Crude oil futures slid further Thursday, as concerns over supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US inventories.
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LONDON: Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories.
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Crude oil futures extended their decline, after falling 3 percent yesterday when a US report showed an unexpected rise in distillate and crude supplies.
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Oil prices drifted below $47 a barrel  early on Wednesday, well off recent peaks as traders braced for  another increase in U.S. crude oil inventories.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before retreating sharply amid concerns about low US heating oil inventories ahead of winter.
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SAN FRANCISCO (CBS.MW) -- Crude futures closed under $43 a barrel at an almost three-month low Friday, logging a loss of 14 percent for the week amid rising US distillate and crude supplies and growing expectations that OPEC won&#39;t agree to cut its output
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US oil prices hovered just below $50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Crude futures prices fell sharply today, dropping below $54 a barrel, as traders shelved concerns about tight winter-fuel supplies and focused on government data showing faster-than-expected growth in US oil inventories.
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US blue-chip stocks declined to the lowest level in more than a month on Thursday as crude oil prices touched $49 a barrel and renewed concerns that high fuel costs will erode corporate profits.