Oil Price Increases In Asia Trade
SINGAPORE: Oil prices were above 72 dollars in Asian trade on Friday following an overnight rally which saw the market buoyed by strong performances on Wall Street and a weakening US dollar, analysts said.
New York’s main futures contract, light sweet crude for October delivery, was up 13 cents to 72.62 dollars a barrel. Brent North Sea crude for delivery in October was unchanged at 72.51 dollars.
“Oil market sentiment benefited from a recovery on US equity markets,” the Commonwealth Bank of Australia said in a report.
Oil Price Increases In Asia Trade was first posted on August 28, 2009 at 4:06 pm.
©2009 “Pakistan News“.
Six Billion Aid Will Given By EU To Pakistan
BRUSSELS: European Union has inked four agreements with Pakistan to provide Rs 6.32 billion to the country. Pakistan Secretary for Economic Affairs Farrukh Qayyum and EU official Thomas Nicholson signed the four deals under which the relief amount will be spent over education, development of human resources, rural development and trade affairs.
Six Billion Aid Will Given By EU To Pakistan was first posted on August 28, 2009 at 3:52 pm.
©2009 “Pakistan News“.
Oil Prices Increased In Asia Trade
SINGAPORE: Oil prices rose in Asian trade Monday, bolstered by improved investor sentiment amid widespread hopes for a global economic recovery, analysts said.
A weaker US dollar was also a factor behind the surge in oil prices, they said. New York’s main contract, light sweet crude for October delivery, gained 25 cents to 74.14 dollars a barrel. Brent North Sea crude for October delivery advanced 44 cents to 74.63 dollars.
The New York contract soared to 74.72 dollars during US trading Friday, a level last seen on October 20 2008, before easing to close at 73.89 dollars.A slew of economic data released last week suggested the US economy and euro-zone economies were likely recovering, boosting hopes that energy demand in turn would see an up tick, analysts said.
Oil Prices Increased In Asia Trade was first posted on August 24, 2009 at 5:43 pm.
