Update 4: Crude Oil Prices Trade Below $49 a Barrel
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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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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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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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U.S. oil prices hovered just below &#36;50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Oil prices edged further below &#36;49 a barrel on Tuesday as the frigid U.S. Northeast looked ahead to warmer conditions and some traders moved to the sidelines ahead of Iraqi elections and an OPEC meeting.
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Crude oil prices fell Tuesday as traders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for December delivery fell 76 cents to settle at US$46.11 per barrel.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories.
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NEW YORK Oil prices have dropped again, going down to the lowest level in four months. In New York, crude for January delivery fell one dollar and 52 cents to settle at 41 dollars, 46 cents a barrel.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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US oil prices hovered just below $50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Last week the price of WTI (West Texas Intermediate) crude was recorded close to US$50/barrel, a record high, but a level still far lower in real terms than that registered in 1979 -- about $40/barrel (at the US dollar rate in 1979) -- or the equivalent
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Crude futures prices fell yesterday, briefly sinking below $49 US a barrel, as the US supply of oil grows and traders said institutional investors shifted their capital from commodities to equities.
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Crude oil futures closed below 48 dollars a barrel Tuesday, the lowest level in seven weeks amid rising expectations about US oil supply for this winter.
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Oil futures prices sank to their lowest level in nearly a month yesterday on a continuation of the sell-off sparked last week by rising US supplies of crude
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Crude oil prices settled at $49.64 a barrel, up 76 cents as traders expressed concern that recent hurricanes had hurt output in the United States.
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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 sank to a four-month low  below $41 for U.S. crude on Wednesday after leading OPEC  producer Saudi Arabia questioned the need for the cartel to  curb supplies.