Crude Oil Prices Slip Below $43 a Barrel
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Crude oil fell 55 cents to $42.70 per barrel in early trade on the New York Mercantile Exchange. Inventories grew by 900,000 barrels last week to 293.3 million.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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The slide in crude oil prices takes a barrel in London down to little more than $40, as traders realise profits after the recent surge.
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Oil prices fell nearly $2 to just over  $43 on Wednesday, dragged down by heavy losses in U.S. gasoline  futures after summer driving demand failed to meet  expectations.
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Crude futures prices fell sharply Wednesday, falling 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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Oil prices fell more than one dollar to sit just above $43 a barrel Monday as unusually mild winter weather in the United States eased fears that thin heating fuel stockpiles might prove inadequate.
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U.S. oil prices fell below $43 on  Monday on continued profit-taking as producer-group OPEC eyed  increases in the coming months in its tight spare capacity,  countering worries over stumbling Iraqi oil exports.
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Oil futures prices sank nearly 5 percent yesterday, 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 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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US oil prices slid more than half a dollar to below $44 a barrel on Monday as unusually mild winter weather in the United States curtailed demand.
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Crude oil futures closed below 48 dollars a barrel Tuesday, the lowest level in seven weeks amid rising expectations about US oil supply for this winter.
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Crude futures prices fell yesterday, briefly sinking below $49 US a barrel, as the US supply of oil grows and traders said institutional investors shifted their capital from commodities to equities.
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Crude oil prices tumbled again Monday, sliding 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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Crude oil prices slipped yesterday, falling to a five-month low after an inventory report showed that higher refinery production was helping boost US gasoline and distillate inventories.
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SINGAPORE - Crude oil prices fell in Asian trade on Tuesday, retreating further below the milestone $55 per barrel mark but apparently unable to go below $53 amid lingering supply worries.
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NEW YORK, December 2  - Crude oil prices declined for the third consecutive day today, reaching their lowest levels in 11weeks, on news of rising US fuel inventories and a less severe winter in various parts of the country.
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Investor's Business Daily - U.S. crude fell 62 cents to $96 a barrel, reversing an earlier gain, on fears that slower U.S. economic growth will curb demand for oil in the world's top consumer. Crude prices hit an intraday high of $97.92 due to falling U.S. supplies, a weaker dollar and geopolitical tensions.