Crude oil prices fall slightly on better crude supplies
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Crude oil prices fell slightly Friday, ending lower this week as worries about low winter fuel inventories dissipated amid rising oil stockpiles.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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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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Crude oil rose slightly on Friday to $47.57 per barrel compared to yesterday fall on expectations for inventories to be lifted. December crude oil was at $47.
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Crude oil and gasoline prices fell Wednesday as speculators seemed to lose hope that futures prices would continue ever upward. Crude oil dropped $1.
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Crude oil prices settled lower Wednesday after the US Energy Department reported a rise in oil stockpiles while warmer weather forecast further pressured on the prices.
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Oil prices edged lower on Wednesday,  keeping within sight of $50 a barrel on supply worries in the  United States, where weekly data is expected to show a draw in  distillate inventories.
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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 cancelled a strike in major exporter Nigeria.
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The price of oil has fallen as fears about interruptions to supplies being pumped out of Iraq eased slightly.
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The crude oil price, based on the average price package of seven market-monitored crudes, fell to 38.89 dollars a barrel last week, down 2.46 dollars of the price in the previous
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Oil prices traded marginally lower on  Wednesday ahead of key U.S. data, which was 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 Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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Crude oil futures slid Thursday to their lowest levels in more than two weeks as concerns over supplies ahead of the Northern Hemisphere winter eased because of a rise in US inventories.
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Oil futures fell slightly yesterday even as the market braced for a possible Arctic blast in the United States that could drive up demand for home-heating fuels.
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Crude oil prices rose slightly Wednesday, reversing a two-day slide, as the market awaited the US government&#39;s weekly petroleum supply report.
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Crude oil prices have dipped after the government said energy supplies have risen over the past week. It reveals surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Oil prices fell on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.