Crude dips in Asia as doubts on global oil demand recovery persist amid weaker regional equities

Light, sweet crude futures for March dipped to US$72.7, while Brent crude on ICE Futures exchange dipped to US$71.2. Prices have dipped marginally on the first day of the week as prices have been weighed by persistent doubts over global oil demand recovery amid weaker regional equities at a time when the dollar is strengthening as concerns emerge over China’s monetary policy and banking regulations in USA. Nymex front-month contract has fallen by over ten dollars over the last three weeks. Though oil fundamentals have been weak for over a year, crude prices have been fortified by support from robust equity markets and a generally weaker dollar.
  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