SINGAPORE: Oil firmed up in Asian trade Thursday as a weaker US dollar spurred buying in the commodity and investors waited for a closely watched report on US energy inventories. New York’s main futures contract, light sweet crude for delivery in March, rose 35 cents to 74.87 dollars a barrel. Brent North Sea crude for [...]
SINGAPORE: Oil prices fell in Asian trade Wednesday after a sharp rise overnight, with investors remaining cautious over weak energy demand. New York’s main futures contract, light sweet crude for delivery in March, tumbled 48 cents to 73.27 dollars a barrel. The contract soared 1.86 dollars in New York trade Tuesday. Brent North Sea crude [...]
SINGAPORE: Oil was lower in Asian trade Tuesday after slight gains overnight, with regional stocks under pressure and sentiment weighed down by weak US demand and debt woes in the euro zone. New York’s main futures contract, light sweet crude for delivery in March, was down seven cents to 71.82 dollars a barrel, while Brent [...]
SINGAPORE: Oil prices dipped in Asian trade on Wednesday bucking a recent trend as the market braced for a larger-than-expected rise in crude inventories, analysts said. New York’s main futures contract, light sweet crude for delivery in March, fell 42 cents to 76.81 dollars a barrel. London’s Brent North Sea crude for March delivery was [...]
SINGAPORE: Oil prices rose in Asian trade on Tuesday as bullish US manufacturing data combined with gains in Asian equities markets to push the market up, analysts said. New York’s main futures contract, light sweet crude for March delivery, broke past the 75 dollar-level in morning trade, gaining 58 cents to 75.01 dollars a barrel. [...]
