Oil prices slashed below US$62 a barrel in Asian trading amid weak crude demand, as light sweet crude for June delivery dropped 26 cents to US$61.67 a barrel in electronic trading on the New York Mercantile Exchange in Singapore.
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Tag - New York Mercantile Exchange
Oil prices slashed again in Asian trading. Light, sweet crude for June delivery dropped 34 cents to $65.37 a barrel in midmorning Asian electronic trading on the New York Mercantile Exchange.
U.S also noticed decline in the prices, which fell 75...
Cold weather and snow across much of the US have forced oil prices to a fresh one-month high near $59.95 a barrel and forecasters said temperatures would stay below normal for at least the next ten days, boosting heating demand.
The oil prices...
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