Oil Prices Mixed In Asian Trade

November 11, 2009 by Trend PK  
Filed under World News

Oil Prices Mixed In Asian Trade: Crude prices were mixed in Asia on Wednesday as oil operations resumed in the Gulf of Mexico and following forecasts of a rise in world oil consumption next year, analysts said. New York’’s main contract, light sweet crude for December delivery, gained nine cents to 79.14 dollars a barrel. Brent North Sea crude for December delivery fell 10 cents to 77.40 dollars a barrel.

Oil Prices Mixed In Asian Trade:Crude prices were mixed in Asia on Wednesday as oil operations resumed in the Gulf of Mexico and following forecasts of a rise in world oil consumption next year, analysts said.

New York’’s main contract, light sweet crude for December delivery, gained nine cents to 79.14 dollars a barrel. Brent North Sea crude for December delivery fell 10 cents to 77.40 dollars a barrel.

The market also looked to the US Energy Information Administration (EIA) late Tuesday saying that demand for black gold would rise next year, analysts said.

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