Thursday 17 May 2012
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SINGAPORE: New York oil prices rebounded above the $100 mark in Asian trade Friday as traders snapped up cheap crude after a massive sell-off last night, analysts said.
Crude prices fell in Asian trade Thursday on demand worries after US data showed a bigger-than-expected rise in crude stocks, analysts said. New York’s main contract, light sweet crude for delivery in June, shed 48 cents to $108.76 a barrel.
SINGAPORE : Oil prices dipped below 76 dollars in Asian trade on Friday, extending losses on data showing weaker demand in the United States, the world’s biggest energy-consuming nation. New York’s main contract, light sweet crude for March delivery, tumbled 25 cents to 75.83 dollars a barrel. Brent North Sea crude for delivery in...
SINGAPORE : Oil prices were down on Thursday ahead of the release of a widely monitored US energy reserves report, analysts said. New York’s main contract, light sweet crude for March delivery, dropped 10 cents to 77.64 dollars a barrel. London’s Brent North Sea crude for delivery in March fell 20 cents to 76.12...
SINGAPORE :Oil hovered around 60 dollars a barrel in Asian trade Monday as investors bought into the market after prices sank to near eight-week lows last week, analysts said. Fresh attacks by Nigerian rebels on oil facilities also helped nudge prices higher, they said. Nigeria is one of Africa’s major crude exporters.