Oil prices cease five-day slide
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The weeklong slide in the price of oil from a record of almost $50 ends with a slight rise in New York and London.
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Oil prices held firm on Friday after leaping almost &#36;2 a day earlier on news U.S. crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices steadied on Friday,  stemming heavy losses this week, with a bout of cold weather in  the United States expected to keep up demand for heating fuels  over the weekend.
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The threat of a cold winter in the United States ended a slide in oil prices on the New York market on Wednesday and put the spotlight on US heating fuel reserves.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the U.S. Northeast eased worries about heating oil suppplies.
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WASHINGTON: Oil prices retreated slightly yesterday after surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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Oil slid to a five-week low on Friday,  continuing a fund-led selling spree that has knocked 12 percent  from last week's record highs as rising stockpiles have eased  worries of a winter supply crunch.
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Oil prices fell 5 percent on Monday as  forecasts of a return to mild winter weather in the U.S.  Northeast eased worries about heating oil suppplies.
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Oil prices were steady on Tuesday after   slumping to an 11-week low the previous session as supply   concerns eased with the end of the U.S. summer driving season.
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NEW YORK : World oil prices firmed after a five-session drop amid renewed concerns over unrest in Iraq despite a ceasefire in its holy city of Najaf.
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Crude oil was little changed in London after a three-day slump fueled by the biggest rise in US fuel inventories in four months. Oil prices in London had fallen about $5 a barrel since
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LONDONâ OIL prices rebounded yesterday after falling sharply last week on receding supply worries, buoyed by jitters over this weekâs OPEC meeting and last weekendâs seizure of four flow stations in Rivers State, Nigeria by militant youths.
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Oil prices have risen for the fifth day in a row amid continuing concerns over the level of US stocks. The surge helped spark a 1.3% fall on Wall Street as investors worried it could lead to a fall in consumer spending and hit corporate profits.
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NEW YORK - Oil prices steadied on Tuesday, holding Monday&#39;s losses as forecasts for a swift end to this week&#39;s US cold snap eased worries over thin fuel stocks in the world&#39;s biggest energy consumer.
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Oil prices fell to their lowest in five   months before steadying on Thursday, pausing from a three-day   decline as dealers zeroed in on healthy U.S. inventories   heading into the mild autumn demand season.
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Oil prices steadied on Tuesday, holding Monday&#39;s losses as forecasts for a swift end to this week&#39;s US cold snap eased worries over thin fuel stocks in the world&#39;s biggest energy consumer.
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Oil prices rise for the fifth day in a row amid continuing worries over the level of US stocks.