Oil slips back below USD50 a barrel
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Crude oil prices slipped below USD 50 a barrel in Asian trade overnight as the market waited for the outcome of the US presidential election.
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US oil prices were slightly softer on Monday after a four-day break, but the threat of a cold winter stretching persistently low global heating oil inventories kept the market within sight of $50 a barrel.
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LONDON : World oil prices tumbled more than two dollars in New York, sliding below 50 dollars for the first time in nearly a month amid reports of higher Iraqi oil exports and easing fears over a Nigerian strike, analysts said.
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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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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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LONDON, United Kingdom -- Oil prices fell back from record highs Monday, ducking below 50 dollars in New York as fears of disruption to supplies from Nigeria receded after a peace deal between rival gangs in the oil-rich Niger Delta.
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Oil prices stepped back from this  week's eight percent rout on Friday, holding well above $50 a  barrel as analysts said it would take more than China's mild  interest rate rise to stem demand growth from the world's  second largest user.
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Oil prices eased from new highs on Friday as dealers pocketed profits from a long record-breaking run after escalating violence in Iraq took US crude close to $50 a barrel.
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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Oil prices fell to a four-week low yesterday, briefly dropping below $50 a barrel, as traders grew less concerned about possible threats to supplies.
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Oil prices edged lower in thin early trade on Wednesday, keeping within sight of &#36;50 a barrel on supply worries in the United States, where weekly data is expected to show a draw in distillate inventories.
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Oil fell back toward $62 on Friday after   OPEC member Nigeria appeared to be alone in its decision to   trim output to stem a two-month price slide.
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Oil prices eased back below $59 a barrel as investors focused on U.S. fuel data due later on Wednesday that is expected to show a rise in gasoline stocks in the world's top consumer.
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Oil futures retreated below $50 US a barrel Monday, though analysts said there is enough uncertainty about geopolitics and weather - and the industry&#39;s ability to boost crude oil output quickly - to keep prices from plummeting anytime
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Crude oil futures eased slightly Monday but remained close to the US$50 barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter, market-watchers said.
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Crude oil futures fell below $50 a barrel in New York for the first time since Oct. 5 on speculation that growth in demand will ease next year as supplies increase.
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US oil prices fell further below $50 a barrel on Tuesday, adding to a week-long slide that has cut more than $5 off record-high prices, as some traders cashed in profits ahead of the US presidential election.