Oil Prices Tick Down After Rally
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Oil prices ticked lower on Thursday, holding most of the previous day's gains after two car bombs in Saudi Arabia rekindled fears over Middle East supply security, one of the factors behind this year's 34 percent rally.
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to the psychological $100 a barrel mark two days in a row -- a level that has raised a red flag over economic growth.
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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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Oil prices slipped on Thursday, holding most of the previous day&#39;s gains after car bombs in Riyadh rekindled fears over Middle East supply security, one factor behind a rally that pushed the average US crude price 34 percent higher
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Oil prices rallied further on Monday,  clawing back toward $50 a barrel for U.S. crude on heightened  concerns over low supplies of winter heating fuels.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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Oil held steady just below $96 a barrel on Thursday after a three-day rally, as traders awaited a sixth-weekly decline in U.S. crude inventories and attached a bigger supply-risk premium to Turkish bombing in northern Iraq.
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Oil prices continued to rally on Monday, clawing back more of this months' losses on heightened concerns over low global winter fuel supplies.
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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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Oil prices fell sharply from near record  peaks on Wednesday after a larger-than-expected build in U.S.  crude stocks spurred traders to take profits from a fierce  rally.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiraling dollar.
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Oil prices slipped further from record highs on Wednesday as traders locked in profits after the market's &#36;10 surge since mid-August.
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Oil fell below $71 a barrel on Friday, reversing an earlier gain, as restarting oil refinery units in top consumer the United States signaled an increase in gasoline supplies.
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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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Oil prices receded on Friday as dealers took profits from a record rally over $90 a barrel that was spurred on by winter supply worries and the weakening U.S. dollar.
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LONDON, Nov 18  - Oil prices continued their decline Thursday after a brief rally on the back of renewed concerns over heating oil stocks in the United States fizzled out.
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Oil prices fell below $45 on Wednesday dragged down by heavy losses on US gasoline as summer driving demand failed to meet expectations.