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Iran's Oil Minister Massoud Mirkazemi (L) speaks to Head of Libya's OPEC delegation Shokri Ghanem during the opening of the Gas Exporting Countries Forum in Doha December 9, 2009. REUTERS/Mohammed Dabbous (QATAR POLITICS ENERGY)

Enlarge Photo Reuters Slideshow:Oil Industry

Oil prices fall on poor demand

AP - 21 minutes ago

AP - Oil prices hit two-month lows Wednesday as government data showed that energy demand continues to slump.

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UPDATE: Lukoil To Lower Output Growth, Boost Dividends
Nasdaq - Tue Dec 8, 1:48 pm ET
MOSCOW -(Dow Jones)- Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Tuesday it will lower production growth over the next decade, part of plans to slash capital spending by a fifth and boost dividend payments.
Crude Oil Weighed by Demand Concerns
TheStreet.com - Mon Dec 7, 5:10 pm ET
Crude oil futures extended losses as investors await signs of improving demand.
Mexico’s Peso Falls on Crude Oil’s Retreat, Drop in U.S. Stocks
Bloomberg - Tue Dec 8, 2:24 pm ET
Dec. 8 (Bloomberg) -- Mexico’s peso fell the most this month following a drop in crude oil, the country’s biggest export, and as declines in U.S. stocks curbed demand for higher- yielding, emerging-market assets.
Crude oil stockpiles fell by 3.8 million barrels
AP via Yahoo! Finance - Wed Dec 9, 10:39 am ET
Crude inventories fell last week, while gasoline supplies grew, the government said Wednesday. Crude inventories fell by 3.8 million barrels, or 1.1 percent, to 336.1 million barrels, which is 4.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Lukoil Third-Quarter Profit Falls 41% on Declining Oil Prices
Bloomberg - Tue Dec 8, 3:38 am ET
Dec. 8 (Bloomberg) -- OAO Lukoil , Russia’s largest non- state oil company, said third-quarter profit slumped 41 percent after world crude prices declined.
Lukoil Q3 net profit falls 41 pct to $2.1 bln
AP via Yahoo! Finance - Tue Dec 8, 3:33 am ET
Lukoil, Russia's largest private oil company, on Tuesday said third quarter net profit fell 41 percent to $2.1 billion as oil prices were far below last year's record highs.
Crude Oil Down on Dollar, Demand
TheStreet.com - Tue Dec 8, 10:56 am ET
The API said crude inventories fell by 5.8 million barrels last week. The EIA releases its inventory data tomorrow morning.
Lukoil Third Quarter Net Profit Falls 41% On Lower Oil Prices
Nasdaq - Tue Dec 8, 2:47 am ET
MOSCOW -(Dow Jones)- Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Tuesday said third-quarter net profit fell 41% on the year, depressed by lower oil prices and higher transportation costs.
Crude Oil Rises, Snapping Four Days of Losses, as Dollar Falls
Bloomberg - Tue Dec 8, 5:54 am ET
Dec. 8 (Bloomberg) -- Crude oil rose in New York, snapping four days of losses, as a weaker dollar buoyed demand for commodities as a currency hedge. The dollar traded as low as $1.4867 against the euro, from $1.4827 yesterday.
Crude Oil and Oil ETF Trading Outlook for OIL, DBO, OIH, and USO
PRWeb via Yahoo! News - Wed Dec 9, 2:00 am ET
The Oil Service HOLDRs (NYSE:OIH), United States Oil Fund LP (NYSE:USO), iPath Goldman Sachs Crude Oil Total Return ETN (NYSE:OIL), PowerShares DB Oil Fund (NYSE:DBO), and crude oil are reviewed from a technical perspective at SmallCapNetwork.com.
Crude Oil Futures Erase Gains in New York, Trade Near $73.60
Bloomberg - Tue Dec 8, 7:22 am ET
Dec. 8 (Bloomberg) -- Crude oil declined in New York, erasing previous gains to trade around $73.60 a barrel.
Crude Oil Advances in New York as U.S. Dollar Gives Up Gains
Bloomberg - Tue Dec 8, 5:20 am ET
Dec. 8 (Bloomberg) -- Crude oil rose in New York as the U.S. dollar pared gains against the euro, making commodities more appealing as a currency hedge.
Crude Oil Pares Gains in New York as Dollar Gains Against Euro
Bloomberg - Tue Dec 8, 3:37 am ET
Dec. 8 (Bloomberg) -- Crude oil pared gains as the dollar clawed higher against the euro, damping demand for commodities as an alternative investment.
Crude oil prices slide Monday
UPI - Mon Dec 7, 10:39 am ET
NEW YORK, Dec. 7 (UPI) -- Crude oil prices dropped to nearly $74 per barrel on the New York Mercantile Exchange, with the dollar index falling 0.25 percent Monday.
Crude Oil Futures Decline for Fourth Day as Dollar Strengthens
Bloomberg - Mon Dec 7, 8:52 am ET
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day, trading below $75 a barrel as the dollar gained amid speculation the U.S. Federal Reserve may start raising interest rates.
Crude Oil Drops for a Fourth Day as European Equities Decline
Bloomberg - Mon Dec 7, 4:35 am ET
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day as European equity markets declined amid concern the U.S. Federal Reserve may start raising interest rates.
Crude Oil Trades Near $74 as Fed Expects ‘Moderate’ U.S. Growth
Bloomberg - Mon Dec 7, 9:07 pm ET
Dec. 8 (Bloomberg) -- Crude oil traded near $74 a barrel in New York after falling as Federal Reserve Chairman Ben S. Bernanke said the U.S. economy will face a weak labor market and tight credit, signaling fuel demand will be slow to recover.
Crude Oil Futures Drop for Fourth Day as Dollar Strengthens
Bloomberg - Mon Dec 7, 11:37 am ET
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day, trading below $75 a barrel as the dollar strengthened amid speculation the U.S. Federal Reserve may start raising interest rates.
Crude Oil Prices Drop Below $74
INO News - Mon Dec 7, 4:42 pm ET
(RTTNews) - Crude oil prices dropped on Monday and touched a 2 1/2-month intraday low as comments from Federal Reserve chief Ben Bernanke led traders to believe energy demand will not recover as quickly as once hoped. A stronger U.S. dollar reduced its hedge appeal.
Crude Oil Pressured by Dollar Strength
TheStreet.com - Mon Dec 7, 11:40 am ET
Crude oil for January deliverty shed 89 cents at $74.58 a barrel Monday morning, as the dollar strengthened.

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