Crude futures slip after energy report
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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SAN FRANCISCO (CBS.MW) -- Crude-oil futures fell under $52 for the first time in more than two weeks Thursday, reflecting concerns that China&#39;s first interest-rate hike in nine years will ease energy demand.
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Crude oil futures hovered near $50 a barrel Tuesday ahead of key weekly US petroleum inventory data, which traders expect to show a rise in distillate stocks for a second straight week.
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Crude oil futures extended their decline, after falling 3 percent yesterday when a US report showed an unexpected rise in distillate and crude supplies.
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U.S. crude futures skidded more than half a dollar lower on Monday, as a mild New Year's weekend in the United States and forecasts for above-average temperatures were expected to cap heating oil demand, traders said.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Crude oil futures fell slightly Monday as traders speculated that slower economic growth next year might ease global oil demand. On the New York Mercantile Exchange, crude
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Around noon on the New York Mercantile Exchange, benchmark January crude futures were down 50 cents to $42.75 a barrel, well off their intraday low of $42.05, a three-month low, but still a sharp decline on the day.
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Oil and gas futures prices retreated yesterday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
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Crude oil futures jumped toward $44 a barrel Tuesday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the U.S. Northeast.
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Oil prices drifted below $47 a barrel  early on Wednesday, well off recent peaks as traders braced for  another increase in U.S. crude oil inventories.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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Oil futures dropped sharply Tuesday as a dismal retail sales report confirmed a growing view among investors that the economy is slowing and that demand for energy is likely to fall.
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Oil prices fell Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
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Oil prices slipped on Monday but held above $49 a barrel as easing concerns about a winter supply crunch pulled the market further away from record highs set two weeks ago.
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Crude oil futures fell in London, ending the week 7.7 percent lower after a report two days ago showed an unexpected gain in US inventories of distillate fuels such as heating oil.
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.