Crude Oil Futures Fall a 3rd Day as Iraq Increases Shipments
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Crude oil futures fell for a third day as Iraq, the sixth-largest supplier to the US, increased shipments to tankers for the first time in two weeks.
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US stockpiles of crude oil fell by 1.3 million barrels last week, the government reported Wednesday, sending prices to another record high.
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Crude futures drifted lower Thursday extending steep overnight falls that came as the US government reported a surprise increase in stocks of oil and distillates.
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CRUDE futures continued to fall today furthering a 10-per-cent decline in the past two weeks on the belief that rising US crude supplies will meet demand for the northern winter.
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The price of oil falls for the fourth day in a row, aided by an increase in Iraqi exports and data showing better than expected petrol stocks in the US.
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Oil prices extended losses below $46 on  Tuesday in a third day of falls as a more optimistic Iraq  export picture helped unwind some of the supply worries that  have lifted the market to historic levels.
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Crude futures plummeted yesterday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude oil futures rose in New York, after falling from a record on Friday, as fighting in Iraq&#39;s holy city of Najaf damped expectations the country would restore oil exports to full capacity.
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Oil prices ticked lower on Thursday  for the third day in a row as rising U.S. gasoline supplies  countered a surprise drop in crude inventories in the world's  largest energy consumer.
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Crude oil futures fell as Iraqi exports rose and Russia said it would increase production this year, extending a decline that has cut almost $8 from the price in eight sessions.
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Oil prices fell on Thursday, resuming a three-week downturn as rising world crude supplies replenish consumer inventories. US light crude futures were down 69 cents at $46.15 a barrel, erasing Wednesday&#39;s 73 cent advance.
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Oil slid for a third day on Wednesday  but remained in a narrow trading range below $60 a barrel with  little impetus to break out in either direction.
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Oil prices dropped sharply today, extending losses to a third day as a more optimistic Iraq export picture helped partly unwind some supply worries.
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NEW YORK, Aug. 19 (Xinhuanet) -- Crude oil futures jumped to new record high Thursday as market concerned that Iraqi exports might drop further because of clashes in southern Iraq between US troopsand fighters loyal to Shiite Muslim cleric Moqtada ...
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Aug. 19 (Bloomberg) -- Crude oil futures jumped to a record $48.70 a barrel in New York on concern that Iraqi exports may drop further because of clashes in southern Iraq between US troops and fighters loyal to Shiite Muslim cleric Moqtada al- Sadr.
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Oil prices dipped below $44 per barrel Thursday, but attacks on 20 pipelines in Iraq signal another spike.
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: The price of crude oil fell for a third straight day today, heading toward the US$50 mark on an encouraging midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.