03.05.2013 - Oil down as OPEC says exports are steady
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
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