Sky-High Oil Price Down for a Second Day
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Oil prices fell from record peaks for a  second session on Wednesday as traders took profits from a  searing rally on signs that high prices are finally starting to  dampen demand.
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U.S. oil prices fell for a second session  on Tuesday on worries that high energy costs may crimp economic  growth, but crude remained firmly planted above $50 a barrel on  persistent fears of a winter supply crunch.
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Oil fell on Monday, extending the previous session's decline on profit taking from record highs, but hovered near $88 on simmering geo-political tensions and a weak dollar.
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The price of crude oil fell for a third straight day today, brought down from a midweek record high by news of higher-than-expected US stocks and by Chinaâs latest moves to cool its economy.
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Oil prices slid $2 on Monday on  expectations that more mild U.S. weather at the start of the  New Year will limit heating oil demand.
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OIL prices rose for a second day after blasts were heard in Saudi Arabiaâs capital and after the United States government reported another decline in lean winter heating fuel stocks.
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U.S. stocks are seen falling for a  second-straight day on Friday on concerns the economy and  corporate profits will slow after crude futures touched another  record in overnight trading.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday , dipping below $67 as traders focused on slackening demand and rising supplies.
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NEW YORK  - Oil prices rose for a second day onWednesday after blasts were heard in Saudi Arabia's capital andafter the U.S. government reported another decline in leanwinter heating fuel stocks.
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Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
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Oil prices nudged higher for a second   day on Monday, struggling to end their steepest slump in more   than a decade amid robust winter fuel stocks and easing   geopolitical and weather risks to oil supplies.
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Oil fell $2 a barrel on Friday from its $100 lifetime high as gloomy U.S. jobs data heightened concern about a slowdown in the world's top consumer that could dampen fuel demand.
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WASHINGTON -- Oil prices jumped almost $2 yesterday after briefly dropping to nearly $60 a barrel, while natural gas futures plunged to their lowest level since December 2002.
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London - Oil prices edged lower on Friday after a two-day rout that saw the value of crude drop 12 percent amid easing fears over a northern winter supply shortage, traders said.
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World oil prices fell about $2 a  barrel on Friday as dealers took profits from a recent rally,  but the market remained on edge as powerful Hurricane Ivan  thrashed through the Caribbean on a track toward the  energy-rich Gulf of Mexico.
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Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.
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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.