Election jitters send oil lower
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Oil prices have fallen further below $50 a barrel as, with the result of the US presidential elections still difficult to predict, traders cashed in positions.
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Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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Oil fell below $63 a barrel on Friday,   its lowest level since March, as ample U.S. fuel stocks looked   set to meet winter heating demand in the world's biggest   consumer.
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Oil prices eased on Friday as OPEC  looked set to keep output unchanged at its meeting this  weekend, although concern ahead of Sunday's election in Iraq  limited the fall.
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Oil futures skidded lower Thursday on growing concerns that a U.S. economic slowdown is imminent and will depress demand.
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TORONTO (CP) - North American stock markets were lower Monday Monday afternoon on volatile oil prices, mixed earnings reports and the inability to predict a winner in next week&#39;s US presidential election.
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NEW YORK - Wall Street&#39;s pre-election jitters left the major stock market indexes with only modest gains Monday, even as crude-oil futures fell near the $50-per-barrel mark.
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Japanese stocks will probably move little on Monday as soaring oil prices and caution ahead of the U.S. presidential election next month and its possible impact on financial markets make investors nervous about trading actively.
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Oil slid by almost $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
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Oil slid almost $2 to a six-week low below $89 a barrel on Monday, as stock markets plummeted and concerns mounted over an economic slow-down led by top consumer the United States.
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Oil fell back below $50 on Thursday, resuming a downturn that has cut prices 11 percent from record highs and ending a brief rally following President Bush&#39;s US election victory.
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LONDON : World oil prices retreated as they were unable to recover heavy losses caused by profit-taking ahead of the US presidential election.
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US oil prices inched below $50 a barrel again Tuesday, maintaining a week-long slide that has cut more than $5 off record-high prices as some traders cashed in profits ahead of the US presidential election.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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Oil prices slipped Friday after a shockingly weak US employment report fanned worries about recession and demand in the world's biggest energy consumer.
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NEW YORK, November 4  - Crude oil prices declined today to their lowest levels in more than one month, after rising early this morning and yesterday on news of George Bushâs re-election as the US President.