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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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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 stockpiles fell by 3.8 million barrels
Bay News 9 Tampa Bay - Wed Dec 9, 10:42 am ET
Energy Dept. says crude oil inventories fell last week, gas stockpiles increased
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.
Lukoil Q3 net profit falls 41 pct to $2.1 bln
Newsday - Tue Dec 8, 3:43 am ET
Russia's Lukoil reports 41 percent drop in 3rd quarter profit to $2.1 bln on lower oil prices
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.
Crude Oil Drops Below $75
INO News - Mon Dec 7, 10:48 am ET
(RTTNews) - Crude oil dropped on Monday as a weaker U.S. dollar reduced the hedge appeal of commodities. The drop took oil to a 10-day low. Light sweet crude oil for January delivery dropped to $74.50, down 96 cents on the session. Prices dropped as low as $74.04.
Palm Oil Retreats from Six-Month High as Crude Oil Declines
Bloomberg - Mon Dec 7, 7:08 am ET
Dec. 7 (Bloomberg) -- Palm oil dropped from a six-month high after crude oil declined for a fourth day, reducing the vegetable oil’s prospects as a biofuel.
Crude Oil Trades Near 7-Week Low as Naimi Says Price Is Perfect
Bloomberg - Mon Dec 7, 3:52 am ET
Dec. 7 (Bloomberg) -- Crude oil traded near a seven-week low in New York after Saudi Arabian Oil Minister Ali al-Naimi said the price is “perfect.” Oil for January delivery traded at $75.38 a barrel, down 9 cents, in electronic trading on the New York Mercantile Exchange at 8:07 a.m. London time.
South Mountain tank explodes, spills unknown quantity of crude oil
Santa Paula Times - Mon Dec 7, 7:19 pm ET
The 60th Annual Optimist Club Christmas Parade started with a bang that left a cloud of smoke south of Saturday’s festivities when a 20,000-gallon crude oil tank exploded into flames.
Gazprom hosts CNPC for gas talks
UPI - Wed Dec 9, 11:13 am ET
MOSCOW, Dec. 9 (UPI) -- Officials from the China National Petroleum Corp. arrived in Moscow to discuss securing natural gas supplies from Russian energy giant Gazprom.
Crude Oil, Gasoline Stockpiles Rise Sharply
TheStreet.com - Wed Dec 2, 11:55 am ET
The EIA said crude oil and gasoline inventories rose more than expected last week.

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