Crude Oil Slips For Second Straight Day
Crude oil prices slipped for second straight session as sentiments were undermined after reports suggested that the US and UK were preparing for a release of strategic oil stocks that is expected within months. However, the losses in crude prices got pared in the session after the White House denied the report while the better than expected US jobless claims data coupled with reports showing manufacturing continued to grow in the parts of US too did their bit in capping the losses.
Benchmark crude for April delivery slipped $0.32 or 0.3% to $105.11 a barrel after trading as high as $106.18 as low as $103.78 an ounce on the New York Mercantile Exchange. In London, April delivery Brent crude plunged $1.42 to end at $123.55 a barrel on the ICE.
Benchmark crude for April delivery slipped $0.32 or 0.3% to $105.11 a barrel after trading as high as $106.18 as low as $103.78 an ounce on the New York Mercantile Exchange. In London, April delivery Brent crude plunged $1.42 to end at $123.55 a barrel on the ICE.
No comments:
Post a Comment