Oil eases after surge to $100
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Oil prices dipped on Thursday after leaping to a lifetime high of $100 the day before amid a new-year rush of investor demand fuelled by expectations of thinning U.S. stockpiles, the falling U.S. dollar and geopolitical risks.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries, and a weak dollar triggered a flood of speculative buying, dealers said.
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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  loan out crude from its strategic petroleum reserve after  Hurricane Ivan sliced into supplies.
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Oil extended a retreat from record highs on Monday, sliding towards $78 a barrel after tropical storm Ingrid faded in the Atlantic and as concerns about the global credit squeeze took centre stage.
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London - Oil prices edged lower on Friday after a two-day rout that saw the value of crude drop 12 percent amid easing fears over a northern winter supply shortage, traders said.
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Business & money: US crude oil prices hit the psychological barrier of $100 a barrel for the first time today
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries and a weak dollar triggered a surge of speculative buying, dealers said.
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Oil eases towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices dipped on Thursday, after jumping to a lifetime high of $100 the day before, fuelled by expectations of thinning U.S. stockpiles, the falling dollar and geopolitical risks.
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Oil prices dipped on Thursday but held near the previous day's record high above $80 a barrel, as dealers watched a hurricane in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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Oil prices pulled further back from the brink of $100 a barrel on Thursday after fresh signs of weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.
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Oil eased on Thursday after a surge to one-month highs in the previous session following Turkey's raid on Kurdish guerrilla targets in northern Iraq.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze.
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Oil prices slid on Thursday after a bigger-than-expected rise in U.S. fuel inventories soothed some worries of a winter squeeze, but the fall was limited by an upcoming OPEC meeting and Iraqi elections.
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Oil eased on Thursday after crude stocks piled up in top consumer the United States and weighed on already well-supplied markets.