Oil Falls on Speculation Demand Doesn&#39;t Warrant Record Price
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Crude oil fell more than $1 for the first time in a month after reaching a record $54.45 a barrel in New York on speculation that demand doesn&#39;t warrant prices at this level.
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Crude oil futures fell in New York, extending the biggest two-day decline in 19 months, amid concern China&#39;s first interest-rate increase in nine years may slow growth in fuel demand in the world&#39;s second-largest oil consumer.
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Crude oil futures fell, extending last week&#39;s 4 percent decline, on speculation rising US oil supplies will be sufficient to meet winter fuel demand.
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LONDON : Oil prices fell as markets reckoned on there being enough heating fuel to meet demand in key markets once winter arrives, despite further drops in US stockpiles, analysts said.
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Oil prices fell 3.5% to a three-month low yesterday as mild winter weather sapped demand in the US Northeast, the world&#39;s largest heating oil market.
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Q: Why has the price of crude oil ranged from $10 a barrel five years ago to almost $50 this year? Surely the supply-and-demand equation hasn&#39;t changed that much.
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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, after leaping 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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Light crude dips but remains less than a dollar shy of an all-time high reached earlier this week. LONDON  - Oil prices remained just below record highs on Friday amid concern over possible conflict
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Oil prices fell more than a dollar on   Friday as traders questioned whether planned output cuts by   OPEC members Nigeria and Venezuela would be enough to stem a   two-month slide in prices.
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Oil prices fell nearly $2 a barrel on  Wednesday, dragged down by heavy losses in U.S. gasoline  futures after summer driving demand in the world's largest  consumer failed to meet expectations.
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Oil prices slid $2 on Monday on  expectations that more mild U.S. weather at the start of the  New Year will limit heating oil demand.
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Oil prices eased on Monday as  speculative funds continued to take profits but a tight global  supply picture stopped the selling from gaining much momentum.
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Crude oil in New York fell on speculation that yesterday&#39;s 4.5 percent gain was an overreaction to initial reports of terrorist attacks in the capital of Saudi Arabia, the world&#39;s largest oil exporter.
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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Oil prices fall more than a dollar in New York, after speculation Opec might increase output.