Oil extends retreat from record
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Oil prices pulled further back from the brink of $100 a barrel on Thursday after fresh signs of weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.
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Oil prices hit a new record near $51 a barrel yesterday as a prolonged US production outage following Hurricane Ivan attracted fresh speculative buying.
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Oil prices plunged below $44 a barrel Thursday, extending a dramatic sell off sparked by Wednesday&#39;s government report showing crude and distillate inventories rose more-than-expected last week.
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Oil prices retreated sharply after  setting record highs above $55 a barrel on Monday as dealers  took profits on signs that energy costs are hurting economic  growth.
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Oil prices extended record-setting highs  above $51 for U.S. crude on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Singapore: Oil prices continued falling from record peaks in Asian trade Thursday after the United States reported a surge in crude oil inventories, dealers said.
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Oil retreated further from its $53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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Oil prices extended heavy recent losses  on Wednesday as U.S. government data showed crude stocks  building for an eighth straight week ahead of winter.
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Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.
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Oil eases towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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WASHINGTON -- Oil prices bounded higher for the fourth day in a row yesterday, with further declines in US supply expected as petroleum producers disrupted by hurricane Ivan continue to regroup.
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Crude oil extended its retreat on  Monday from a 21-year high near $50 a barrel, lifting most  Asian shares and giving investors some respite from concerns  that energy costs would choke off profits and economic growth.
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Oil prices eased to &#36;45 a barrel on Tuesday, extending a profit-taking set-back despite a looming cold spell in the eastern United States and global supply outages.
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Oil prices retreated sharply after setting record highs above $55 a barrel on Monday as dealers took profits on signs that energy costs are hurting economic growth.
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Oil futures retreated from record levels Wednesday as investors, rethinking crude's ability to keep climbing past $100, decided to cash in some of their profits from the market's huge advance.
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Oil on Tuesday extended a price slide  that has cut 12 percent from record highs in two weeks as  growing signs of ample supply eases concerns over fuel stocks  for the northern winter.
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Oil prices extended a two-day slide on  Thursday that has sliced more than 8 percent from the cost of a  barrel, as rising U.S. crude supplies eased fears of a winter  fuel crunch and China moved to slow its runaway economic  growth.