Oil: Price drops nearly US$2 a barrel
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NEW YORK - Oil prices fell nearly US$2 a barrel on Wednesday, dragged down by heavy losses in US petrol futures after summer driving demand in the world&#39;s largest consumer failed to meet expectations.
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Oil prices fell more than $1 to just over $44 a barrel Wednesday, dragged down by heavy losses in US gasoline futures after summer driving demand failed to meet expectations.
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Oil prices fell nearly 2 percent on  Wednesday after a U.S. government report showed a surprisingly  large increase in crude supply last week.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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Oil prices fell to around $68 a barrel   on Wednesday, just off a three and a half month low struck the   previous session and above key support levels that, if broken,   could trigger a deeper selloff.
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Oil fell nearly $2 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's biggest consumer.
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WASHINGTON -- Oil prices jumped almost $2 yesterday after briefly dropping to nearly $60 a barrel, while natural gas futures plunged to their lowest level since December 2002.
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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 continued to fall on Thursday after an unexpectedly large increase in crude stocks in the US. A barrel of US light crude was down 96 cents to $51.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Gas prices fell about 2 cents in the past two weeks, reflecting recent drops in the price of crude oil and plentiful supply, an industry analyst said Sunday.
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Oil prices fall by more than $2 after Cyclone Gonu weakens in the Gulf and amid concerns about higher interest rates.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell Tuesday after losing nearly $2 a barrel the day before amid easing concerns about the possibility of more production cuts by OPEC members.
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Oil fell $2 a barrel on Friday from its $100 lifetime high as gloomy U.S. jobs data heightened concern about a slowdown in the world's top consumer that could dampen fuel demand.
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Oil prices closed lower in New York trading on Wednesday for the first time in two weeks, down 39 US cents at $US49.51 a barrel, as concerns about Nigerian crude output eased and US oil inventories rose.
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Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.