Oil Extends Slide After Crude Build Slump
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Oil extended its retreat on Thursday, taking two-day losses to 6 percent after an unexpectedly large rise in US crude inventories spurred speculative funds to take profits out of record high prices.
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Oil prices fell from near record peaks  on Wednesday after a sharp build in U.S. crude stocks spurred  traders to take profits.
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Oil prices ended lower on Tuesday on signs that high energy costs are slowing the economic growth that has fueled this year's sharp increase in world oil consumption.
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World oil prices slid $3 a barrel on  Wednesday, shedding nearly 7 percent, as a larger-than-expected  build in U.S. heating stocks soothed worries about a winter  fuel deficit.
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SINGAPORE/LONDON  - Oil fell toward $60 a barrel on Tuesday, extending Monday's steep drop on forecasts of a further increase in fuel inventories in top oil consumer the United States.
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Crude oil futures slid further Thursday, as concerns over supplies ahead of a cold Northern Hemisphere winter eased because of a rise in US inventories.
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Oil fell on Monday, extending the previous session's decline, as the market mulled over gloomy U.S. economic data and the impact on demand should the world's top energy consumer slip into recession later this year.
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Oil prices fell on Monday, extending the  previous session&#39;s decline, after remarks by oil producer group  OPEC that it was concerned about the potential impact of high  oil prices on the global economy.
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OIL prices extended heavy recent losses as United States government data showed crude stocks building for an eighth straight week ahead of winter.
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Oil prices slipped further from record highs on Wednesday as traders locked in profits after the market's &#36;10 surge since mid-August.
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Oil eased below $61 a barrel on Tuesday, extending a 3 percent drop in the previous session, as forecasts for a further build in fuel stocks in the United States offset slight cuts in OPEC output.
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Crude oil fell, extending yesterday&#39;s 4.1 percent decline, as rising OPEC production and US inventories eased concern about winter fuel shortages.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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Oil fell on Monday, extending the  previous session's decline, as the market mulled over gloomy  U.S. economic data and the impact on demand should the world's  top energy consumer slip into recession later this year.
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Oil prices continued falling on  Thursday after an unexpectedly large rise in U.S. crude  inventories spurred profit-taking from record highs.
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: Crude futures fell again today, extending a decline over the past two weeks on the belief that rising US oil supplies will meet demand for the Northern Hemisphere winter.
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The price of oil continues sliding downwards, on expectations of warmer weather ahead.