Oil slips below $46 in Asian trade
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Singapore: Crude oil prices slipped below 46 dollars a barrel in Asian trade today on increasing hopes of adequate heating fuel supply during the northern hemisphere winter, dealers said.
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Oil prices fell below $61 on Friday as easing U.S. supply concerns spurred a bout of profit taking.
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Oil prices came within a whisker of  retesting a near six-month low of $63 on Friday as supply  worries eased, knocking gold to three-month lows and dragging  resource shares such as Japan's INPEX lower.
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Asian shares were mostly lower on  Wednesday as oil prices hovered near $50 a barrel, with  Japanese stocks sliding for a ninth session, led by exporters  and tech stocks.
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Oil prices dipped below $46 on Tuesday, making a third day of falls as a more optimistic Iraq export picture unwound some of the supply worries that have lifted the market to historic levels.
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U.S. oil prices hovered just below &#36;50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Oil settled at a one-month low on Tuesday amid intensifying worry a weak U.S. economy could trigger a global slowdown in energy demand.
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Oil prices eased again early on  Wednesday, hovering around $46 a barrel ahead of weekly U.S.  data expected to show fuel stocks rising in time for winter.
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Oil fell below $61 a barrel on Wednesday   after a larger-than-expected increase in fuel inventories in   the United States, the world's largest oil consumer.
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U.S. oil prices slid below &#36;46 on Tuesday, marking the third successive session of falls as Iraqi exports returned to near normal, although supply uncertainties kept the market close to historic levels.
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Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week.
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Oil prices dipped 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 oil prices hovered nearly five  percent below a 21-year high Monday, lifting most Asian shares  and giving investors some respite from concerns that energy  costs would choke off profits and economic growth.
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Crude oil prices eased slightly in early morning Asian trade Monday after pushing above the psychologically important $50 mark for the first time last week.
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Oil prices fell below &#36;73 a barrel on  Tuesday in thin trade, but nagging fears about supply  disruption and expectations of strong U.S. demand for gasoline  were expected to prevent a deeper sell-off.
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Oil prices edged below $49 a barrel on  Wednesday as traders factored in expectations for petroleum  stock builds in weekly U.S. inventory data that would ease  supply worries ahead of peak northern winter demand.
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Oil fell below $69 a barrel on Monday,   pulled lower by expectations any sanctions against oil producer   Iran were a way off and would not necessarily disrupt export   flows.