Oil Prices Take Another Deep Drop
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Crude oil futures nose-dived for a second day in a row yesterday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and mild fall weather in the Northeast and Midwest.
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Oil prices fell Tuesday after losing nearly $2 a barrel the day before amid easing concerns about the possibility of more production cuts by OPEC members.
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Oil prices fell again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that drove this year's sharp  increase in world fuel consumption.
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WASHINGTON -- Oil prices fell sharply for the second straight day yesterday, falling below $70 a barrel as Tropical Storm Ernesto veered away from the oil and gas region of the Gulf of Mexico.
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Oil prices fell again on Tuesday, easing  U.S. crude to $53 a barrel, on signs that energy costs are  slowing the economic growth that fueled this year's sharp  increase in world fuel consumption.
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Oil prices fell sharply on Monday in what traders described as a wave of profit-taking sparked by a steep decline in gasoline futures.
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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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World oil prices fell sharply again on  Tuesday as Iraq restored oil exports and hedge funds continued  the rush to take profits from record highs.
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LONDON: World oil prices fell strongly yesterday for the second day running as worries over supply disruptions eased with traders claiming overnight pipeline attacks in major producer Iraq were unlikely to affect the country&#39;s crude exports.
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Battered oil prices fell again on  Friday, extending this week's 14 percent slide, as  disappointing U.S. jobs data deepened a slump driven by easing  worries about winter supplies.
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Oil prices fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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Crude oil prices fell sharply for a second day Thursday as traders focused on rising fuel supplies and the warmer-than-normal weather in the United States.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.
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Oil fell below $88 on Monday as financial markets tumbled on fresh concerns over the health of the U.S. economy.
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Oil prices have fallen sharply after briefly surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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Oil prices fell a dollar on Wednesday on profit-taking despite a lingering deep freeze in the United States that was boosting demand for heating oil.
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Oil fell below $88 a barrel on Wednesday  as stock markets declined further, shrugging off a temporary  reprieve from Tuesday's steep cut in U.S. interest rates amid  persistent fears of a global economic slowdown.