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Oil Prices Play See-Saw

Oil Prices continue to bounce up and down today as light sweet crude dropped below the $50 mark this morning before starting a rally and shot back above the $51 mark and then back down to $50.90.

Inventories Swell and Oil Prices Drop

The U.S. Energy Information Administration said oil inventories swelled 5.5 million barrels and crude prices descended $1.10 to $53.10 a barrel in the process. Brent crude also saw a big drop of $1.06 a barrel to $53.08 a barrel.

Crude Oil Prices Slam Down Over $2 a Barrel

Light crude oil prices slammed down to one of the biggest single-day drops recent weeks going down to $51.50 before settling up back slightly to $51.61 down $2.59 for the day.

Oil Prices Start Dropping

Oil prices started dropping this morning in early electronic trading on the New York Mercantile Exchange. This happens on the heels of a meeting this week between President Bush and Saudi Crown Prince Abdullah and right before the U.S. releases its energy reports for the week.

Oil Prices Continue to Plummet

Oil Prices drop this morning in after reassuring words from Saudi Crown Prince Abdullah that Saudi plans to keep production levels high and take it higher still with renovations on their oil production facilities over the next decade.

Bush, Crown Prince Look to Tank Oil Prices

With concern about oil prices escalating to a fever pitch, President Bush met with Crown Prince Abdullah yesterday to produce a plan to curb increases.

Oil Prices Continue to Drop

Oil prices continued to drop in early morning trading in markets this morning after reassuring words from Saudi Crown Prince Abdullah that Saudi plans to keep production levels high and take it higher still with renovations on their oil production facilities over the next decade.

Crude Oil Prices Continue To Drop

Light sweet crude oil finished down 42 cents at 54.15 when markets closed today. Brent crude dropped 28 cents. The drops continue from yesterday after Saudi Crown Prince Abdullah assured President Bush that crude oil production would remain high and continue to climb in the months and years ahead.

Oil Prices Drop As Saudis Reassure Bush

Oil futures dropped today after President Bush and Saudi Crown Prince Abdullah met to discuss among other things, skyrocketing oil prices. The prince said he felt oil supplies were adequate but that Saudi would produce the oil levels countries want.

Oil Prices Bump Before Bush Meets With Saudis

Oil prices took off this morning in early trading while President Bush prepares to meet with Saudi Crown Prince Abdullah at his ranch in Crawford, Texas.