Crude prices extend losses after US stocks grow
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Crude oil prices on Thursday extended the US inventories-inspired declines from the previous session, as imports to the worldâs largest consumer helped stockpiles higher than most had expected.
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Oil prices fell further below $50 on Wednesday as a fresh rise in US crude oil inventories outweighed the impact of President Bush&#39;s victory in the US election.
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Oil extended its retreat on Thursday, taking two-day losses to 6 percent after an unexpectedly large rise in US crude inventories spurred speculative funds to take profits out of record high prices.
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LONDON: Oil prices extended record-setting highs above US$51 for US crude yesterday, led by worries over the impact of Hurricane Ivan on US winter fuel stocks.
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NEW YORK, October 27  - Crude oil prices declined sharply today after the US weekly inventory data revealed a higher-than-expected increase in crude oil inventories last week.
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U.S. stocks ended lower on Thursday as oil prices climbed above &#36;48 a barrel, prompting investor worry about the effect of high fuel costs on corporate profits and consumer demand.
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Volatile crude oil prices kept stocks under pressure today, leaving the major US indexes with a slight loss. Questions over economic growth and the upcoming election weakened the US dollar and contributed to investorsâ uncertainty.
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U.S. stocks fell on Monday as shares   of energy companies like Exxon Mobil Corp. XOM.N and those of   miners fell as crude oil prices extended a six-day sell-off and   bullion prices fell.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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NEW YORK - Investors extended their blue chip selloff Thursday as oil prices neared their all-time highs, renewing Wall Street's concerns that high energy costs would deflate third-quarter earnings. Only the Nasdaq composite index managed a minimal gain...
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.
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SINGAPORE: Oil prices extended losses to fall below $46 Wednesday ahead of weekly US data expected to show fuel stocks rising in time for peak winter demand.
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Crude oil prices rise again after eight days of losses, after a US report shows stocks at their lowest since March.
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Stocks extended losses on Friday, sending major indexes down more than 1 percent, after manufacturer Caterpillar Inc's  disappointing profit and a pullback in oil prices hit shares of energy companies.
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U.S. stock futures extended losses on   Wednesday after data showed unit labor costs for the second   quarter were revised higher than expected, raising concerns the   Federal Reserve may need to increase interest rates.
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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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Oil prices fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems