Crude oil prices mixed in Asia as market awaits policy measures on Europe, USA

Oil prices were mixed in Asian trade as investors await further measures by policymakers to boost the ailing Euro zone and US economy, as per PTI. New York’s main contract, light sweet crude for September delivery eased to US$90 a barrel while Brent North Sea crude for September delivery inched up to US$106.52. German Chancellor and French President have vowed to preserve the euro project while investors are cautiously hopeful the Federal Reserve will unleash fresh stimulus this week to bolster US growth. The European Central Bank’s governing council will convene for its regular monthly policy meeting on Thursday under intense glare as investors see if chief Mr Mario Draghi can deliver on this pledge to do “whatever it takes” to save the euro.
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