Oil falls from record highs as investors take profits
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Oil fell more than a dollar on Tuesday, as profit-taking pulled the market down from record highs set in response to a Mexican supply shut-down and a weak dollar.
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Oil dropped more than a dollar towards $89 a barrel on Monday as falling global stock markets spurred profit taking.
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Asian share markets fell on Monday  after oil hit a record above $55 a barrel, with investors  cautious ahead of earnings reports from bellwether firms IBM  and Texas Instruments later in the day.
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NEW YORK - Stocks tumbled Wednesday as investors saw a surge in oil prices and disappointing earnings from Morgan Stanley as a reason to collect profits from gains of the last month. The Dow Jones industrial average dropped nearly 130 points, and all three major indexes saw their biggest losses since early August...
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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NEW YORK - Investors sent stocks lower Tuesday as oil prices crossed another milestone, $54 per barrel. Earnings reports from heavyweights Johnson & Johnson and Merrill Lynch & Co...
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Asian share markets fell on Monday after oil hit a record above $55 a barrel, with investors cautious ahead of earnings reports from bellwether firms IBM and Texas Instruments later in the day.
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NEW YORK - Investors saw a major surge in oil prices and disappointing earnings from Morgan Stanley as a chance to collect profits Wednesday, sending stocks substantially lower. The Dow Jones industrial average dropped nearly 130 points...
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Oil slipped on Wednesday after  surging nearly 5 percent to a record above $100 a barrel a day  ago amid an influx of fresh investor capital into the  commodities sector and concerns that OPEC will not hike output  next month.
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Oil prices fell sharply from near record peaks on Wednesday after a larger-than-expected build in US crude stocks spurred traders to take profits from a fierce rally.
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Oil fell more than a dollar on Tuesday, as profit-taking pulled the market down from record highs that were fuelled by a Mexican supply shut-down and a weak dollar.
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Stocks were headed for a mixed-to-lower opening on Monday after oil prices spiked to new record highs, raising fears that soaring energy costs could crimp corporate profits.
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World oil prices fell nearly $2 a barrel on Friday as dealers took profits from a recent rally, but the market remained on edge as powerful Hurricane Ivan thrashed through the Caribbean on a track toward the energy-rich Gulf of Mexico
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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 fell sharply from near record  peaks on Wednesday after a larger-than-expected build in U.S.  crude stocks spurred traders to take profits from a fierce  rally.
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Most Asian stock markets fell after oil prices hit a record high on Thursday, reigniting worries that high energy costs will dent household incomes, raise companies' expenses and hurt global economic growth.
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Stocks slid on Thursday as investors  worried that oil's jump to a record $53 a barrel would hurt  consumer spending and cut into corporate profits.