Monday, 23 April 2012

Softening in the price of crude oil in Asia

Softening in the price of crude oil in Asia
Clean Media Correspondent 
Singapore: April 23: (CMC)   Asian trading crude oil prices today are soft. Traders await economic data released in China and the United States.The price of New York's main contract, light sweet crude for June delivery fell 15 cents to 103.73 dollars a barrel. However, the price of Brent North Sea crude for June delivery fell 8 cents to 118.68 dollars a barrel.IG Markets analyst Justin Harper said the Singapore market, the market is in a cautious approach. He said, we get this week's big news. The largest buyer of oil to China, including industrial data.Traders will look at it. HSBC to China Manufacturing PMI (Purchasing Managers Index) figures to be released today.Also associated with the U.S. Federal Reserve's interest rate committee meeting is on Tuesday and Wednesday. The world's largest economy over the slow pace of revival meetings at the precursors of the eye.

1 comment: