Sun, Mar 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Trading more

Oil down as OPEC says exports are steady

Posted on 03 May 2013

Oil futures are trading slightly lower in Friday’s Asian as traders take profits and look toward the U.S. non-farm payroll report due out later Friday. On the New York Mercantile Exchange, light, sweet crude futures for June delivery fell 0.20% to USD93.81 per barrel in Asian trading Friday after settling up 2.37% at USD93.19 a barrel on Thursday.
Traders had plenty of ammunition with which to propel crude higher Thursday. The European Central Bank cut its benchmark interest rate by 25 basis points to 0.50%. Additionally, ECB President Mario Draghi left the door open to further monetary easing………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39433 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031