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Commodities Briefing - Categorized | Oil, Price Watch more

Oil steady above $41 as investors eye inventories

Posted on 04 March 2009

From IHT: Oil prices were steady above $41 a barrel Wednesday in Asia as investors looked to a U.S. crude inventory report later in the day for signs of demand amid the worst recession in decades.

Benchmark crude for April delivery fell 26 cents to $41.39 a barrel by midmorning in Singapore on the New York Mercantile Exchange. Prices rose $1.50 to settle at $41.65 on Monday….. Full Article: Source


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