Crude oil price declines for fifth session
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Crude oil futures declined for a fifth session Thursday as a cease-fire in Najaf eased concern that shipments from Iraq would be disrupted.
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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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Oil prices held near $45 on Wednesday  after the U.S. government said that crude stocks shrank to a  five-month low last week as refineries ran hard to meet demand.
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Oil prices fell again on Tuesday, easing  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that fueled this year's sharp  increase in world petroleum consumption.
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Oil prices slipped to their lowest level   in five months before recovering slightly on Thursday as   dealers took a pause from a three-day decline ahead of U.S.   data expected to show healthy fuel stocks.
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Crude oil prices fell to a 15-week low in New York yesterday as the U.S. summer travel season ended and traders speculated that a dispute with Iran about nuclear research may be resolved without curtailing exports.
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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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NEW YORK, December 30  - Crude oil prices declined marginally today, after rising 4.5% yesterday on news of terrorist attacks in Saudi Arabia, the worldâs largest exporter of oil.
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Crude oil futures fell in London on Friday, ending the week 7.5 percent lower after a recent report showed an unexpected gain in US inventories of distillate fuels such as heating oil.
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Crude oil futures fell for a fifth session, the longest period in 10 months, as a cease-fire in Najaf eased concern that shipments from Iraq will be disrupted.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell yesterday after U S government data showed rising supplies of crude. Natural gas futures declined on the heels of a separate report that showed healthy domestic inventories of the home-heating fuel.
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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 two-day decline in oil prices, with crude futures briefly dipping below $53 a barrel yesterday, is a temporary trend that is likely to reverse itself before too long, analysts and traders said.
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Rarely has the oil price fallen so far so fast. Crude futures have dropped more than 15 per cent in only four sessions sending prices to three month lows.
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Battered oil prices stayed weak on Friday after a $6 slump spurred by easing worries about winter supplies. US crude oil futures (CLc1: Quote, Profile, Research) fell five cents to $43.20
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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.