Oil prices, which had hit multi-year highs earlier in the week on the back of a global coal and gas crunch, turned down after the Chinese government said it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity. Al Jazeera reports that the market was also pressured by data from the American Petroleum Institute industry group which showed US crude stocks rose by 3.3 million barrels for the week that ended on October 15, well above forecasts for a rise of 1.9 million barrels.