Oil slumps nearly $2 on U.S. stockpile surprise
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Oil fell nearly $2 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's biggest consumer.
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U.S. stocks rose on Wednesday after  oil plunged nearly $2 a barrel following a surprise jump in  crude inventories last week.
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NEW YORK - Crude oil prices took a big jump Wednesday after a US Energy Department report showed a drop in crude oil inventories amid a cold snap in the big oil-consuming states of the US northeast.
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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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Oil prices surged nearly $2 a barrel Wednesday following two bombings in the capital of Saudi Arabia and after the U.S. government reported that winter fuel supplies shrank last week.
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Global oil prices fall back from highs of more than $74 a barrel as US stockpiles grow.
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Oil prices fell more than a dollar on  Wednesday as U.S. data showing builds in crude and product  inventories unwound fears for winter fuel shortages.
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Oil fell $2 to below $75 a barrel on  Thursday after Britain said it had thwarted a plot to blow up  aircraft in transatlantic flight and investors recalled the  slump in fuel demand that followed 9/11.
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Oil dropped more than two dollars on Friday, weakened by selling in equity markets that raised doubts over energy demand and after a storm that halted exports from Oman lost power.
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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.
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Crude oil fell more than $1.50 a barrel yesterday, the biggest decline in two weeks, after the United States Energy Department reported an unexpected rise in inventories.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Oil fell sharply on Thursday to its  lowest price in nearly two months after ample U.S. fuel  stockpiles eased investor fears of supply shortages as the U.S.  summer driving season drawing to a close.
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Oil prices bounced nearly $2 to $44 a barrel yesterday after government and industry data showed a sharp drop last week in the nation's supply -- a surprise to most traders, who expected inventories to be steady or grow slightly.
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Oil prices dipped on Thursday after leaping to a lifetime high of $100 the day before amid a new-year rush of investor demand fuelled by expectations of thinning U.S. stockpiles, the falling U.S. dollar and geopolitical risks.
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NEW YORK  - World crude oil prices plummeted on news of a surprise gain in US commercial petroleum inventories in the early days of the northern hemisphere winter.
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Oil prices tumbled nearly $3 a barrel Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had expected.