Wednesday, January 27, 2010

Oil dips but stays above $74 in Asian trade

Oil prices dipped but stayed above $74 in Asian trade on Wednesday as demand uncertainty weighed on investors already wary from recent  economic policies in the United States and China.

New York's main futures contract, light sweet crude for delivery in March, fell 18 cents to $74.53 a barrel.

In intraday trade Tuesday, the contract fell to $73.82, its lowest level since December 22. Brent North Sea crude for March shed 22 cents to $73.07.
Source & Full ArticleEcononic Times

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