Oil price falls to $93 on China manufacturing data
The price of oil fell to near $93 on Wednesday after data showed a slowdown in China’s manufacturing growth.
The price of oil fell to near $93 on Wednesday after data showed a slowdown in China’s manufacturing growth.
Oil was down in Asia on Monday as weak economic data from the United States sparked concerns over a softer demand for crude, analysts said.
Oil prices were mixed in Asia on Monday with downward pressure coming from a slip in US industrial output, analysts said.
Oil was up in Asia Monday on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14-month high in December, analysts said.
Crude oil prices rose in Asia Thursday with Middle East supply risks coming to the fore after Turkey warned Syria of a tougher response if artillery shellings continue, analysts said.
Crude was down in Asian trade Thursday as worries over Spain and a slowing Chinese economy highlighted a weak global economic outlook, analysts said.
Crude was mixed in Asia Monday as traders balanced US stimulus hopes with disappointing Chinese industrial output numbers, analysts said
Crude prices fell in Asia Friday as traders took profits after a week of gains sparked by tensions in the Middle East and US stimulus hopes, analysts said.
Crude markets inched up in Asian trade Monday as traders bought up cheap crude following a price plunge late last week caused by disappointing US jobs figures, analysts said.
Crude slid in Asia on Wednesday with traders taking profit from overnight gains as euphoria over a speculated US Federal Reserve stimulus offset persistent worries about Europe, analysts said.
Oil was higher in Asian trade Wednesday after G7 European leaders vowed to respond “speedily” to the continent’s debt crisis.
Crude was down in Asia Thursday as a sharper-than-expected US stockpile gain further spooked nervous investors already shaken by worries over the eurozone, analysts said.
