Winter fuel concerns ease, oil futures prices drop 5%
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices fell to their lowest in five   months before steadying on Thursday, pausing from a three-day   decline as dealers zeroed in on healthy U.S. inventories   heading into the mild autumn demand season.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil suppplies.
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Crude oil futures were little changed after rising yesterday as a decline in US heating oil supplies raised concern about shortages this winter, which is expected to be colder than normal.
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices dropped to 2-month lows on  Monday, with U.S. crude falling near $45 a barrel before paring  losses in late trade, as growing fuel stocks in the United  States eased fears of a winter supply crunch.
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Crude oil futures fell in New York, extending the biggest decline in five months yesterday, after a jump in US inventories eased concern about a winter shortage.
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Oil prices fell more than a dollar to  under $43 a barrel on Monday as unusually mild winter weather  in the United States eased fears that thin heating fuel  stockpiles could prove inadequate.
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Oil prices eased further on Thursday,  deepening the previous day's three percent fall after a  surprise increase in U.S. fuel stocks eased worries about  meeting peak winter demand.
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Oil prices eased on Wednesday, as gasoline inventories in the United States were expected to rise for the sixth week to soothe fuel supply concerns, though forecasts for strong demand limited losses.
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Oil prices fell on Tuesday as an expected increase in US heating fuel supplies eased concerns over an inventory crunch should this winter&#39;s weather prove colder than normal.
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Oil prices fell on Wednesday as a U.S.  government report showing an expected decline in lean winter  heating fuel stocks was not enough to jolt the market out of a  steep recent slide.
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Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies.
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Crude-oil futures were little changed after plunging 6.5 percent yesterday amid speculation higher-than- normal temperatures in the US will reduce heating-oil demand.
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Oil prices fell $1 on Tuesday as an  expected increase in U.S. heating fuel supplies eased concerns  over an inventory crunch should this winter's weather prove  colder than normal.
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Oil prices eased on Friday as swelling  crude stockpiles countered worries over a cold snap in the U.S.  Northeast that is expected to keep furnaces fired up until the  middle of next week.