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NEW YORK (Reuters) - Oil prices resumed a three-week downturn on Thursday as swelling world crude supplies eclipsed lingering concerns over thin heating oil stocks in the United States, Europe and Asia. U.S. light crude futures (CLc1: Quote, Profile, Research) settled down 62 cents at $46.22 a barrel, cutting into Wednesday's 73 cent advance. London Brent (LCOc1: Quote, Profile, Research) was down four cents at $42.72. The losses came after producer group OPEC revised down its expectations of oil demand growth for next year and projected a rare big winter stock build if the group keeps producing at current levels....

SINGAPORE (Reuters) - Oil prices broke into record territory above $52 Thursday on heightened concerns that supplies of heating fuels will prove inadequate during the northern hemisphere winter. U.S. light crude futures set an all-time high at $52.38 a barrel, marking a 60 percent surge in prices so far this year on the strongest demand growth in a generation and a thinning cushion of spare capacity to cope with supply outages. London's Brent crude also struck a record peak, at $48.15 a barrel. "We're in uncharted territory. There aren't many reasons to sell and there's lots of reasons to buy...

NEW YORK (Reuters) - U.S. stocks tumbled on Thursday after oil prices hit record highs for the fifth consecutive trading session, jumping above $44 a barrel amid renewed supply concerns. The oil price jump came after July sales from U.S. retailers largely met modest expectations but failed to excite most investors. Shares of Wal-Mart (WMT.N: Quote, Profile, Research) fell, dragging down the Dow, as the world's largest retailer said July sales were not fueled by its namesake discount stores. Trading remained light before Friday's release of U.S. employment data for July. Economists polled by Reuters expect nonfarm payrolls -- a...