Oil prices dip, but buoy above US$75 in Asia

31-Aug-10
Crude oil gained in morning trade, expanding gains following reassurances by Federal Reserve chairman on the US economy. However, recent economic data from the United States points to a weak economic recovery. Investors insight that the US economic recovery remained weak despite the Federal Reserve chief's reassurances, has led to a dip in crude oil prices in Asia. New York's main contract, light sweet crude for delivery in October, settled at US 75.1, while Brent North Sea crude for delivery in October settled at US$76.5.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha