Crude futures tumble for second day in row
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Crude oil futures nose-dived for a second day in a row yesterday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The two-day drop of more than $5 a barrel picked up momentum from technical and speculative trading.
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Crude prices tumble by more than $2 per barrel in New York, as higher forecast temperatures bite into US oil demand.
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U.S. stocks opened lower on Friday on  concerns the economy and corporate profits will slow as crude  futures touched another record and inched toward $50 per  barrel.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Crude oil futures nose-dived for a second day in a row yesterday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and mild fall weather in the Northeast and Midwest.
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Stocks tumbled Monday as crude futures set a new record at nearly $50 a barrel and bearish broker calls on chip and communications equipment shares added to pressure on technology issues.
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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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Crude futures sold off sharply for a second day in row Thursday, falling below $44 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The drop to two-month lows triggered an additional wave of technical and speculative selling, traders said.
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Crude-oil futures sank for a fourth straight day yesterday, settling beneath $43 a barrel for the first time in nearly three months and capping a 14 percent decline for the week.
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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 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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The two-day decline in oil prices, with crude futures briefly dipping below $53 a barrel yesterday, is a temporary trend that is likely to reverse itself before too long, analysts and traders said.
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U.S. oil prices fell for a second session on Tuesday on worries that high energy costs may crimp economic growth, but crude remained firmly planted above &#36;50 a barrel on persistent fears of a winter supply crunch.
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Crude oil futures sank for a fourth straight day yesterday, settling beneath $43 a barrel for the first time in nearly three months and capping a 14 percent decline for the week.
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Stock index futures fell sharply on Tuesday after weak economic data and a tumble in China's main stock index rattled investors after two consecutive days of losses.
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Oil extended its retreat from record  highs on Thursday, taking two-day losses to 6 percent after an  unexpectedly large rise in U.S. crude inventories spurred  speculative funds to take profits.
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U.S. stocks are seen falling for a  second-straight day on Friday on concerns the economy and  corporate profits will slow after crude futures touched another  record in overnight trading.