Oil Retreat Deepens Ahead of U.S. Data
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Oil prices extended recent heavy losses on Wednesday ahead of weekly U.S. data expected to show fuel stocks rising in time for peak winter demand.
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Oil prices eased on Wednesday ahead of  weekly U.S. inventory data that is expected to show the first  build in distillate fuel supplies for 10 weeks.
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Oil extended its retreat from record  highs on Thursday, taking two-day losses to 6 percent after an  unexpectedly large rise in U.S. crude inventories spurred  speculative funds to take profits.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long &#36;5 slump ahead of U.S. inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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Oil turned higher again on Tuesday after retreating from record highs in response to concerns about the U.S. economy and further indications OPEC has already substantially raised oil output.
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U.S. oil prices rose on Wednesday,  pausing from a losing streak well above $40 a barrel, although  dealers said data on fuel supplies in the United States due  later in the day may trigger a new slide in the market.
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Crude oil extended its retreat on Monday from a 21-year high near &#36;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 edged higher on Wednesday ahead of weekly U.S. inventory data expected to show a fall in crude stockpiles but rising product tanks.
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Oil extended a retreat from record highs on Monday, sliding towards $78 a barrel after tropical storm Ingrid faded in the Atlantic and eased fears it could hit rigs and refineries in the Gulf of Mexico.
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U.S. stock futures pointed to a  slightly higher market open on Tuesday, as oil prices retreat  and insurance stocks look to extend gains from Monday that were  sparked by the resignation of a key figure in the investigation  into the industry's business practices.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Oil fell more than $1 on Tuesday, retreating further from record highs set last week in response to concerns about the health of the U.S. economy and further indications OPEC has already substantially raised oil output.
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Oil prices rose on Tuesday but  retreated from an earlier break above $50, as dealers awaited a  U.S. government report that is expected to show a small  increase in thin heating oil stocks ahead of winter.
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Oil prices edged below &#36;49 a barrel on Wednesday as traders looked ahead to an expected build in weekly U.S. inventory data that would help bolster the thin supply cushion ahead of peak northern winter demand.
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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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Wall Street headed for a firm start on   Monday as oil fell below the $60 mark for the first time in six   months, but existing home sales data will dominate the   limelight as investors try to assess the extent of the U.S.   economic slowdown.
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Oil prices extended their slide Friday on a growing sentiment that the country might be headed for a recession that would depress demand for oil.