On Tuesday, oil prices went down to near USD 72 a barrel in Asia as regional markets fell in the middle of fresh concerns about the speed of the global economic recovery.
On the New York Mercantile Exchange, Benchmark crude for October delivery was downhill 84 cents at USD 72.26 a barrel at midday Kuala Lumpur time in electronic trading. On Monday,the contract knocked down 72 cents to resolve at USD 73.10, after beating a high of USD 74.88 past in the day.
In September contracts, heating oil cut down 1.5 cent to USD 1.941 a gallon and natural gas gained 0.2 cent to 4.068 per 1,000 cubic feet, ln other Nymex trading. Gasoline fell 1.6 cent to USD 1.865 a gallon.
On the ICE futures exchange, Benchmark crude for October delivery was downhill 71 cents at USD 72.91 a barrel.
- Oil cascades to near USD 75 a barrel
- Oil bounds more than USD 77 a barrel
- Oil scales to near USD 76 a barrel
- Oil cascades near to USD 75 a barrel
- Buy MCX gold Oct agreement at Rs 18,870
- Oil climbs above USD 75 a barrel
- Oil cascades below USD 75 a barrel
- Oil prices falls further to 75.74 a barrel
- On August 12,the Reserve Bank of India`s (RBI) position rate for rupee devalued 0.86% besides US dollar at 46.94, contrasted to 46.54 on the preceding working day (August 11).
- Oil prices fall to 80.25 a barrel
