Oil Prices Ease From 21-Year High But Remain Volatile
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New York, Sept. 29 (NNN): Hitting fresh 21-year highs of more than $50 a barrel a day earlier, oil prices eased slightly on Tuesday but remained quite volatile as increased fighting in Nigeria forced several
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Oil prices slipped toward $54 a  barrel on Tuesday as traders breathed easier after a Norwegian  strike threat receded but remained anxious over the thin state  of global pre-winter heating oil supplies.
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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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The price of oil slid toward $42 a barrel yesterday despite confusion about the status of Iraqi exports, indicating the market has become less worried about the global balance of supply and demand.
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ISN SECURITY WATCH (30/09/04) - The worldâs oil markets remained jittery this week after spot prices for crude reached historic highs, and the announcement of a truce between Nigerian rebels and government forces was not enough to convince traders
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Crude oil prices hovered nearly five  percent below a 21-year high Monday, lifting most Asian shares  and giving investors some respite from concerns that energy  costs would choke off profits and economic growth.
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NEW YORK -- Oil prices settled at the highest level in more than two months yesterday, as concerns over declining product supplies outweighed traders' worries about volatile global stock markets.
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Oil prices held firm around &#36;51 a barrel on Wednesday, hovering near record highs amid the sluggish recovery in U.S. Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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High global oil prices are likely to  ease to $56 a barrel in 2007 and fall further to just below $53  in 2008 as supplies increase and demand growth eases, the World  Bank said on Wednesday.
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Oil prices held steady on Thursday  unfazed by a fall in crude supplies in the United States, where  stocks are more than 20 million barrels above levels a year  ago.
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Oil prices eased on Friday as a hurricane subsided in the Gulf of Mexico, although prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices eased on Wednesday on mild  U.S. weather as traders waited to see whether the first cold  snap of the U.S. winter has eaten into low heating fuel  supplies.
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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 U.S. crude close to  $50 a barrel.
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Oil prices eased on Monday as  speculative funds continued to take profits but a tight global  supply picture stopped the selling from gaining much momentum.
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Oil prices dropped more than 3 percent   on Tuesday, resuming the steepest slide in more than a decade   as high inventories eased supply worries ahead of winter and   countered concern over simmering geopolitical tensions.
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Oil eased further below $64 on Tuesday   due to healthy U.S. fuel stocks, but a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico limited the   decline.
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Light crude dips but remains less than a dollar shy of an all-time high reached earlier this week. LONDON  - Oil prices remained just below record highs on Friday amid concern over possible conflict