Crude oil prices fall amid optimism over US oil stockpiles
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Crude oil prices fell Tuesday as traders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for December delivery fell 76 cents to settle at US$46.11 per barrel.
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Crude oil fell to the lowest in more than four months on speculation that warm weather and increased refinery production bolstered US heating-oil stockpiles last week.
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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 prices slipped below USD 50 a barrel in Asian trade overnight as the market waited for the outcome of the US presidential election.
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Battered oil prices stayed weak on Friday after a $6 slump spurred by easing worries about winter supplies. US crude oil futures (CLc1: Quote, Profile, Research) fell five cents to $43.20
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Oil prices fell for a third day on Tuesday on expectations of rising fuel stockpiles in the United States and after OPEC vowed to pump more crude if needed.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday after the US government released data showing healthy crude inventories and a surge in domestic fuel supplies .
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Oil futures prices sank nearly 5 percent yesterday, 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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The price of crude oil falls by more than a dollar in New York, as mild weather in northern US states eases demand for heating oil.
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TORONTO (CP) - A drop in oil prices on reassurances of a steady supply of crude gave stock markets a boost Tuesday. The price of crude oil futures for October delivery on the New York Mercantile Exchange dropped 68 cents to $43.
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NEW YORK : Crude oil prices showed a modest decline as fears that Hurricane Frances would disrupt US offshore oil production eased, analysts said.
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Oil prices fell on Thursday, resuming a three-week downturn as rising world crude supplies replenish consumer inventories. US light crude futures were down 69 cents at $46.15 a barrel, erasing Wednesday&#39;s 73 cent advance.
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Oil fell sharply on Thursday to its  lowest price in nearly two months after ample U.S. fuel  stockpiles eased investor fears of supply shortages as the U.S.  summer driving season drawing to a close.
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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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US crude oil inventories fell over the past week, but stockpiles of refined fuels showed surprising gains, the Department of Energy reported.
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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.