Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
Oil slid over 8 percent to under $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
Oil slid over 7 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
Oil slid nearly 8 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale back production.
Oil fell back below $50 a barrel on Thursday, after surging more than 2 percent as equity markets rallied on signs the U.S. recession was easing, boosting hopes of a demand recovery in world's top energy consumer.
Oil prices fell marginally on Wednesday as government data showed U.S. crude stocks last week were at the highest level since September 1990.
Oil fell below $50 on Wednesday, after U.S. crude oil stocks rose last week to their highest level in nearly two decades.
Oil retreated from session highs to just above $50 a barrel on Wednesday, after OPEC's latest monthly oil market report predicted a faster-than-expected drop in world oil demand.
World oil demand is shrinking faster than previously thought as a slowing global economy erodes consumption and keeps oil prices under pressure, OPEC said on Wednesday.
Oil retreated from session highs to below $50 a barrel on Wednesday, after OPEC's latest monthly oil market report predicted a faster-than-expected drop in world oil demand.
Oil rose above $50 a barrel on Tuesday, recovering after an earlier fall, as a stock market rally countered the impact of weakening global oil demand and forecasts for rising U.S. supplies.
Oil fell more than 4 percent on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest level ever.
Oil fell more than $1 a barrel on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
World oil demand will dive by a hefty 2.4 million barrels per day in 2009, the International Energy Agency said on Friday, citing the impact of prolonged economic recession on energy use.
Oil fell below $50 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
Oil fell to around $51 a barrel on Monday after the International Energy Agency cut its forecast for oil demand, overshadowing data showing Chinese crude imports rose to their second highest ever.