Dollar Slips Slightly As Investors Take Profits
Dec 29
|08:19 AM
Currencies
Oil remains below $80 in Asian Trade
Dec 29
|08:21 AM
Global oil prices were marginally up in Asian trade Friday mainly on positive US economic report but stayed below $80 a barrel mark.
Light sweet crude for December delivery was seen trading at $79.77 a barrel at 11.00 a.m Singapore time while Brent crude was at $ 78.58 a barrel at the same time.
Light sweet crude for delivery in December sank 78 cents to close at $79.62 a barrel and Brent North Sea crude for December delivery shed 90 cents to settle at $77.89 a barrel. Weekly inventory data on Wednesday showed that US distillate stocks fell 400,000 barrels compared to analyst expectations for a 1 million-barrel decline. (comm Online)
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