Update 8: Crude Oil Futures Sink to $46 Per Barrel
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December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel. The benchmark light, sweet crude remained about $8 a barrel cheaper than its closing record of $55.17 recorded Oct. 22 and Oct. 26.
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Crude oil prices fell for a fourthstraight day Friday, closing below 43 dollars per barrel for the first time in about three months.
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Crude oil futures traded below $49 a barrel Monday following a steep runup on Friday that was prompted by persistent concerns about winter fuel supplies.
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Crude oil futures fell Tuesday after moving above $47 US a barrel in intraday trading. December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel.
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Dips in demand and easing threats to supply have pushed oil futures to below $63 a barrel.
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Crude futures fell by more $2 a barrel on Monday as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms in the US Midwest that kept motorists off the road.
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Crude oil prices tumbled again Monday, sliding to an 8-week low, under $46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.
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Oil futures prices fell sharply Monday, sinking below $50 a barrel on a continuation of last week&#39;s selloff, which was prompted by rising inventories of crude in the United States.
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Oil prices hit $46 on Monday after  Russian oil giant YUKOS said it would cut some oil shipments to  China, the first toll on exports from the company's financial  turmoil.
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LONDON : Crude oil prices slipped below 46 dollars a barrel on increasing hopes of adequate heating fuel supply during the northern hemisphere winter.
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Oil prices flirted with $46 a barrel  on Tuesday, firming on forecasts of a cold spell bearing down  on the U.S. Northeast heating oil market and continued supply  problems from big global producers.
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Crude-oil futures nose-dived for a second day in a row Thursday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather.
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Crude oil broke through the record $54 (US) a barrel level briefly before falling sharply yesterday as no new shocks threatened to disrupt global supplies and traders took profits.
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Crude oil fell 55 cents to $42.70 per barrel in early trade on the New York Mercantile Exchange. Inventories grew by 900,000 barrels last week to 293.3 million.
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Crude oil prices traded below $60 a barrel today for the first time in six months, and ended the day at $61.40.
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Crude oil futures fell nearly a dollar today in New York, as the focus shifted to expectations of across-the-board builds in US petroleum-inventory data due out tomorrow.
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Crude oil prices fell by $2.01 to $49.75 per barrel in morning trading on the New York Mercantile Exchange. Oil prices retreated from record closing prices last week, after the US government