Oil prices slip below 9 month high, sliding below US$69 a barrel

After closing at a 9 month high above US$69 a barrel, oil prices slipped back on Tuesday. Light, sweet crude for July delivery dipped to US$68.91 a barrel in Asian electronic trading on the New York Mercantile Exchange, midday in Singapore. Monday witnessed a spurt of over on dollar in oil prices after Nigerian oil unions called a strike for this week amid continuing unrest and violence in the country's oil producing regions. Interestingly, this overnight jump in oil prices was not reflective of the demand-supply picture, as crude oil supplies seem ample. The market had already taken into account the supply risks posed by the general unrest in Nigeria.
  More News  Post Your Comment
{{comment.Name}} made a post.




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