UPDATE 10-Oil below $50 as US crude stocks swell
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Crude futures prices fell yesterday, briefly sinking below $49 US a barrel, as the US supply of oil grows and traders said institutional investors shifted their capital from commodities to equities.
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U.S. stocks fell on Tuesday as oil  prices topped $50 a barrel again and reawakened concerns over  corporate profit margins, while semiconductors were hurt by a  broker downgrade of technology bellwether Intel Corp. INTC.O  .
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Oil futures retreated below $50 US a barrel Monday, though analysts said there is enough uncertainty about geopolitics and weather - and the industry&#39;s ability to boost crude oil output quickly - to keep prices from plummeting anytime
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Market a bit weaker in early going as investors consider surging crude oil prices, weaker dollar. NEW YORK (CNN/Money) - Stocks inched lower early Monday as investors eyed rising oil prices and the falling
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NEW YORK - Oil prices reached a new high and sent stocks lower Monday, pushing the Dow Jones industrials back below 10,000. But with trading on Wall Street light and losses only moderate, investors seemed to be coming to terms with near-$50 per barrel crude...
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NEW YORK, November 10  - Crude oil prices increased modestly today, after declining to their lowest levels in the past two months, on news of a further decline in the US heating fuel inventories last week.
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WASHINGTON - Crude oil prices soaring to nearly $50 a barrel have heightened concerns that sustained high energy costs could drag the slowing US and world economies into a more serious downturn.
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US oil prices fell further below $50 a barrel on Tuesday, adding to a week-long slide that has cut more than $5 off record-high prices, as some traders cashed in profits ahead of the US presidential election.
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CRUDE oil futures eased below $US46 a barrel in Asia today as traders awaited the weekly US crude inventory report, which has helped bring down prices in recent weeks by showing a recovery in supplies.
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A boost in US crude and natural gas supplies brought some relief to oil markets Thursday, with crude futures falling below the $50-a-barrel mark.
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U.S. stocks were lower on Wednesday as  oil prices jumped back above $54 a barrel after the government  reported a smaller-than-expected increase in crude oil  inventories and a few blue-chip companies disappointed  investors with their earnings and outlooks.
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U.S. stocks opened lower on Monday as  investor concerns were fueled by oil prices hitting a fresh  record high, marching closer to $50 a barrel, on supply  concerns emerging from Nigeria.
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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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Nymex crude oil futures fell below $50 a barrel Monday morning in a flurry of technical selling ahead of the presidential elections on Tuesday.
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Oil prices edged lower in thin early  trade on Wednesday, keeping within sight of $50 a barrel on  supply worries in the United States, where weekly data is  expected to show a draw in distillate inventories.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before closing lower amid concerns about low US heating oil inventories ahead of winter.