SINGAPORE:Oil Prices fell down in Asian Business trade.
US Benchmark West Texas intermediate for December delivery fell 46 cents to $77.48 while brent crude on December was down 39 cents.
Market analyst in Singapore Desmond Chua said,Oil prices continue to tumble on concerns over modest demand and no sign of clipping supply at OPEC.
Omair attributed the slide in oil prices to over supply and a week global economy.He said,OPEC will discuss Oil prices.
A production cut by the cartel would run against its Kingpin Saudi Arabia recent price cut of the crude exports the US market.
About Annonymus
0 comments:
Post a Comment