Oil's rout deepest in 16 years
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Oil prices have fallen as much as $16   from their peaks, their steepest reversal in 16 years, in a   correction that traders say may be harder to shake off than   past setbacks in the market's four-year rally.
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Oil rallied to a fresh record high above  $92 a barrel on Friday as the dollar tumbled to a record low,  Washington imposed new sanctions on Iran and gunmen shut more  oil production in Nigeria.
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BEIRUT: Oil hit a four-month low Friday despite OPEC&#39;s decision to cut output by around 4 per cent in a bid to reverse the recent sharp fall in prices.
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Oil prices tumbled to an 11-week low below $45 a barrel on Thursday, deepening a dramatic slide after an increase in US heating oil stocks eased worries of a winter supply squeeze.
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Oil fell more than $2 on Thursday, resuming a downturn that has slashed 12 percent from record highs as growing stockpiles ease worries of a crunch ahead of the Northern Hemisphere winter.
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Dips in demand and easing threats to supply have pushed oil futures to below $63 a barrel.
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Oil tumbled $2 on Tuesday to below $60 a barrel, sinking to the lowest level since February and prompting OPEC's president to call on the exporter group to deepen supply cuts.
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Oil fell to a six-week low on Tuesday, dragged lower by a stock market plunge and fears a slowdown in the United States could have a much wider impact than previously thought.
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Oil prices abruptly ended a losing  streak on Wednesday, jumping nearly $1 after a U.S. government  report showed heating oil stockpiles down 16 percent from last  year ahead of winter.
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A fall in the price of crude oil pushes UK raw material prices to their lowest level in two years, official figures show.
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Lowest US oil inventories in 30 years may pinch consumers in heating and shopping season.
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By Malcolm Moore, Economics Correspondent (Filed: 27/08/2004). The price of oil continued to fall yesterday but a fresh attack on Iraqi pipelines kept it above $40 a barrel.
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Crude oil prices dropped below $60 a barrel for the first time in six months on Monday before rebounding a bit.
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Oil prices soared to $44 a barrel on  Wednesday, ending a streak of heavy losses, as a U.S.  government report showed crude oil stocks falling to the lowest  level in five months.
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Oil prices fell to their lowest level   in five months on Thursday, after energy giant BP said it could   bring its huge oil field in Prudhoe Bay, Alaska, back to full   production by the end of October.
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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.
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US oil production falls to its lowest level in over 50 years in September, official estimates say.