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Today's oil prices drop on dim US data; Federal Reserve expectations cap fall

2013-06-04 01:00:00| Offshore Technology

Oil prices declined today, as feeble manufacturing data from the US sparked concerns about demand growth in the world's biggest oil consumer, while expectations that the US Federal Reserve's bond-buying stimulus will end soon capped further losses.

Tags: data prices fall federal

Today's oil prices drop as demand prospect weakens

2013-05-28 01:00:00| Offshore Technology

Oil prices declined today over expectations about the global economy and excess supply, while investors anticipate the start of the summer driving season in the US will boost prices.

Tags: prices oil drop demand

Today's oil prices drop on worries over excess supply, slow recovery

2013-05-24 01:00:00| Offshore Technology

Oil prices decreased today and are expected to witness their biggest weekly loss in five weeks, over apprehensions that excess supply and a sluggish global economic recovery will pull down demand for oil.

Tags: prices supply oil drop

Today's oil prices slide on weak factory data; US stockpile drop caps further fall

2013-05-16 01:00:00| Offshore Technology

Oil prices fell today after data showed that US factory production had dropped unexpectedly, reducing the outlook for demand; however, a surprise reduction in US crude stockpiles helped restrict any further fall in price.

Tags: data prices fall oil