Crude futures retreat
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Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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NEW YORK -- Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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Crude oil futures prices fell Tuesday on growing expectations that a winter supply crisis will be averted and after union leaders canceled a strike in major exporter Nigeria.
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Crude oil futures continued to retreat from record levels of more than $54 US a barrel Wednesday as traders nervously monitored developments in strike-hit Nigeria and recovery efforts in the Gulf of Mexico.
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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Now that the price of crude oil has crossed the $100-a-barrel threshold, and then retreated slightly, what direction will it take?
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Crude oil futures fell slightly Monday as traders speculated that slower economic growth next year might ease global oil demand. On the New York Mercantile Exchange, crude
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Crude futures fell sharply Monday amid milder U.S. winter weather on the first trading day of the new year and expectations of increased output from Canada and North Sea.
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Crude oil futures fell nearly a dollar today in New York, as the focus shifted to expectations of across-the-board builds in US petroleum-inventory data due out tomorrow.
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Crude oil prices fell sharply Monday as traders opted to take profits after futures reached a new high above 55 dollars a barrel. On the New York Mercantile Exchange, crude
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Crude futures eased on Thursday as the previous sessionâs rally, sparked by US inventory draws and a suicide bombing in Saudi Arabia, petered out ahead of the long New Year weekend.
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Crude oil extended its retreat on  Monday from a 21-year high near $50 a barrel, 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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Crude futures fell more than $1 a barrel yesterday amid mild weather in the US Northeast on the first trading day of the new year.
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Oil prices fell yesterday after U S government data showed rising supplies of crude. Natural gas futures declined on the heels of a separate report that showed healthy domestic inventories of the home-heating fuel.
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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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Oil prices dropped sharply today in what traders called a wave of profit-taking sparked by a steep drop in gasoline futures. In afternoon trading, November crude futures traded at US$53.
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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.