Oil retreated in Asian trade today as investors took profits from recent gains, while renewed concerns about the eurozone’s debt problems also pressured prices, analysts said.New York’s main contract, West Texas Intermediate (WTI) crude for delivery in June was down 36 cents to USD 105.80 per barrel while Brent North Sea crude for June shed 23 cents to USD 119.43 in morning trade.
“There has been some profit-taking in the market after the WTI reacted very positively to strong US and Chinese manufacturing data,” said Victor Shum, senior principal at Purvin and Gertz energy consultants in Singapore.
From: http://ping.fm/TptUL
Popular Posts
-
Melbourne, July 22: Australia captain Michael Clarke will sit out the inaugural season of the domestic Twenty20 Big Bash league to concentra...
-
Amid the ongoing debate over electoral reforms, BJP leader L K Advani today batted for compulsory voting, saying it was not an impossible ta...
-
India’s hockey coach Michael Nobbs has a problem of plenty after impressive debuts by youngsters in the ongoing Test series against South Af...
-
Real life couple Riteish Deshmukh and Genelia D’Souza who are readying to tie the knot in February, had mutually decided to keep their relat...
-
The Tehelka magazine today frontpaged an exclusive report about Jayalalithaa's estranged confidante Sasikala having conspired to give sl...
-
Sydney, July 22: Long prison sentences are expected to be among the sanctions against match fixing under new uniform laws that Australia...
-
ndian nationals were among those injured in a series of coordinated bomb and gun attacks claimed by an Islamist sect that killed at least se...
-
Snapping a 10-day rally, gold today declined from record high levels due to profit-selling by stockists at prevailing higher levels amid a w...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment