Fri, May 27, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil above $42 on optimism demand drop slowing

Posted on 26 February 2009

From AP: Oil prices inched higher above $42 a barrel Thursday in Asia as a lower-than-expected U.S. crude inventory increase sparked investor optimism that the collapse in demand may be slowing.

Benchmark crude for April delivery rose 9 cents to $42.59 a barrel by midmorning in Singapore on the New York Mercantile Exchange. The contract gained $2.54 on Wednesday to settle at $42.50….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 46042 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
May 2016
S M T W T F S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031