Oil falls to 5-week low
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SINGAPORE: Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 per cent from record highs as rising stockpiles have eased worries of a winter supply crunch.
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Oil slid by almost $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
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Crude oil futures closed below 48 dollars a barrel Tuesday, the lowest level in seven weeks amid rising expectations about US oil supply for this winter.
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Oil prices fell to their lowest level in   five months on Thursday after a larger-than-expected build in   U.S. distillate and gasoline stocks.
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices continued their downturn on Friday, retreating from recent highs to their lowest level in five weeks, as rising US stockpiles ease supply fears.
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Oil prices fell on Monday to a 7-week  low under $47 a barrel, as growing fuel stocks in the United  States eased fears of a winter supply crunch despite a cold  snap in North America at the weekend.
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U.S. blue-chip stocks fell  on  Thursday to nearly a five-week low as crude oil flirted with  last month's record high and a key gauge of future economic  activity fell for a third straight month.
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Oil fell more than $1 to fresh   five-month lows Friday after rising U.S. fuel inventories and   the potentially early restoration of full output at BP's giant   Alaska oil field eased supply concerns.
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U.S. gasoline prices sank to a one-month low, after falling 5.1 cents over the last week to $3.02 a gallon amid worries about a weak economy, the government said on Tuesday.
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Oil prices fall below $60 a barrel, continuing their sharp decline of recent weeks, as Iranian tensions reduce.
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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 slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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Oil prices slid to 7-week lows on  Tuesday as growing signs of ample supply eased concerns over  fuel stocks for the northern winter.
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Crude oil tumbled to its lowest since July on expectations US supplies of heating fuel rose last week as mild weather curbed consumption.
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US blue-chip stocks fell on Thursday to nearly a five-week low as crude oil touched $49 a barrel, close to the record set last month, and a key gauge of future economic activity fell for a third straight month.
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U.S. retail gasoline prices fell  below $2 for the first time in five weeks and the cost of  diesel fuel dropped for a third week, the Energy Department  said on Monday.