Oil below $60 as supply grows, U.S. economy worries
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Oil dropped under $60 to a six-month low   on Monday as abundant supplies in top consumer the United   States and fears that slower U.S. economic growth would stunt   demand for fuel extended a price retreat.
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Oil steadied below $58 a barrel on Thursday after its repeated failure to breach $60 triggered a two-percent sell-off the previous day.
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Oil prices fell to seven-week lows near $47 a barrel on Wednesday as traders braced for another increase in US oil and gas inventories.
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Wall Street headed for a firm start on   Monday as oil fell below the $60 mark for the first time in six   months, but existing home sales data will dominate the   limelight as investors try to assess the extent of the U.S.   economic slowdown.
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The price of oil fluctuates around $60 a barrel, as US inventory data is tipped to show a drop in stocks.
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Oil prices edged lower in thin early  trade 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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Oil prices ticked lower on Thursday  for the third day in a row as rising U.S. gasoline supplies  countered a surprise drop in crude inventories in the world's  largest energy consumer.
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Oil prices fell to a new six-month low   below $60 a barrel on Monday as news of BP restoring output at   Prudhoe Bay added to a sense of healthy global supplies.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell to a six-month low  under $60 a barrel on Monday as BP's move to restore output at  Prudhoe Bay earlier than expected added to a sense of healthy,  secure supplies, while demand growth questions loomed large.
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Wall Street headed for a firm start on  Monday as oil fell below the $60 mark for the first time in six  months, but existing home sales data will dominate the  limelight as investors try to assess the extent of the U.S.  economic slowdown.
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Oil prices fell to seven-week lows  near $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and gas inventories.
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Oil prices fell to a new six-month low   below $60 a barrel on Monday as news of BP restoring output at   Prudhoe Bay added to a sense of healthy supply.
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Crude oil prices traded below $60 a barrel today for the first time in six months, and ended the day at $61.40.
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U.S. oil prices hovered just below  $50 a barrel on Tuesday, holding recent gains on a rash of  crude supply outages and fears over thin heating oil tanks.
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Oil slid for a third day on Wednesday  but remained in a narrow trading range below $60 a barrel with  little impetus to break out in either direction.
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Oil rose towards $60 a barrel on Friday, drawing strength from a disruption to supply in Nigeria and as a fall in the U.S. dollar boosted other commodities.