Crude oil prices edge down on speculation of lower US supply
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Crude oil prices fell slightly Tuesday even as the expectation of another cold snap increased traders&#39; concerns about heating-oil supply.
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Oil prices fell below &#36;73 a barrel on  Tuesday in thin trade, but nagging fears about supply  disruption and expectations of strong U.S. demand for gasoline  were expected to prevent a deeper sell-off.
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Crude futures prices fell sharply Wednesday, falling below $54 a barrel, as traders shelved concerns about tight winter-fuel supplies and focused on government data showing faster-than-expected growth in US oil inventories.
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.
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US oil prices slid half a dollar to below $44 a barrel on Monday as warmer-than-expected weather in the United States was expected to curtail demand.
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Battered oil prices stayed weak on Friday after a $6 slump spurred by easing worries about winter supplies. US crude oil futures (CLc1: Quote, Profile, Research) fell five cents to $43.20
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Oil prices fell on Thursday, resuming a three-week downturn as rising world crude supplies replenish consumer inventories. US light crude futures were down 69 cents at $46.15 a barrel, erasing Wednesday&#39;s 73 cent advance.
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Oil futures prices sank below $50 a barrel Monday, continuing the selloff sparked last week by rising US supplies of crude and easing fears about the refining industry&#39;s ability to satisfy heating oil demand.
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Crude oil fell to the lowest in more than four months on speculation that warm weather and increased refinery production bolstered US heating-oil stockpiles last week.
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Crude futures fell in the United States Tuesday as concerns about reduced output in the North Sea were offset by expectations that an upcoming government report would show rising inventories of heating oil.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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NYMEX crude oil futures were down  slightly at just under $46 a barrel on Tuesday but traders said  prices were likely to resume their rise later in the week if  U.S. inventories fall as expected.
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Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week.
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Oil prices fell further below $50 on Wednesday as a fresh rise in US crude oil inventories outweighed the impact of President Bush&#39;s victory in the US election.
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Oil prices edged below $49 a barrel on  Wednesday as traders factored in expectations for petroleum  stock builds in weekly U.S. inventory data that would ease  supply worries ahead of peak northern winter demand.
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NEW YORK : US shares ended mostly lower Thursday as oil prices kept moving higher despite news that US strategic reserves may be tapped to ease supply concerns.