Oil prices continued to ease in Asian trade, hovering below US$60 as the market concentrated on strong US inventories instead of worries about supplies from Nigeria and Iran. Last week, the US Department of Energy (DoE) reported that US reserves were about 10% higher than at the same stage a year before. Oil market fundamentals, specifically rising stocks and slowing seasonal demand, pointed to 'a gentle easing' of prices below 60 usd.
13-Mar-06 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}