Crude oil prices fall further on increase in US oil supplies
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Crude oil prices fell Monday as the US supply of oil grew and some institutional investors shiftedtheir capital from commodities to equities.
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Oil prices fall sharply after a US government report shows a steep build up in oil and petrol supplies.
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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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Oil prices fall 7.4% on US data showing a larger-than expected increase in crude supplies - sparking Wall Street to a nine month high.
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SINGAPORE: Crude oil futures fell further in Asian trading after an unexpectedly sharp jump in US commercial petroleum stocks, dealers said.
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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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Crude futures plummeted below $44 a barrel Wednesday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Oil prices fell yesterday after government data showed US inventories of crude grew last week, surprising many traders and analysts who had expected supplies to shrink due to lingering output problems caused by Hurricane Ivan.
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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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An increase in the worldwide supply of crude oil contributed to a dip in US prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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US stockpiles of crude oil fell over the past week but supplies of gasoline and refined products were higher, the Department of Energy said.
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: Crude futures fell again today, extending a decline over the past two weeks on the belief that rising US oil supplies will meet demand for the Northern Hemisphere winter.
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Oil futures prices plunged by more than $2 a barrel Thursday, continuing a selloff that began last week amid rising US supplies of crude and expectations of a surge in heating oil production before winter arrives.
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Crude oil futures plunged almost 5 percent in New York, the biggest decline in five months, after an Energy Department report showed that US inventories rose more than expected.
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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.