Oil up in Asian trade
Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices — which remained below $100 a barrel — from falling further.
Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices — which remained below $100 a barrel — from falling further.
Gold prices clawed back some losses Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.
Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and geopolitical concerns in Egypt and Algeria, analysts said.
Crude prices were down in Asia on Monday as traders’ hopes of a last-minute compromise deal between US politicians to avert the fiscal cliff faded, analysts said.
Oil prices rose Friday on concerns about supply in the wake of the latest burst of violence in the Middle East.
Local oil companies cut fuel prices today to reflect the continuing softening of oil prices in the global market.
Oil prices headed higher Friday after a week of sharp falls, but analysts remained bearish on the prospects for further slow global economic growth.
Oil prices were mixed in Asia trade Wednesday as euphoria sparked by the US Federal Reserve’s fresh stimulus plan began to ebb, analysts said.
Dominant carrier Smart Communications Inc. said it could have asked for more money in giving up the third-generation (3G) mobile frequency held by unit Connectivity Unlimited Resource Enterprises (Cure).
Oil prices rose Tuesday on worries over possible tight supplies caused by tensions over Iran, analysts said.
Local oil companies have raised prices of petroleum products starting Monday, after lifting the “price freeze” they implemented last week.
Oil prices inched lower in Asian trade Thursday as weak US consumer data and the eurozone’s financial woes dragged on sentiment ahead of a key OPEC meeting later in the day.
