On Thursday, Oil prices knock down to near USD 75 a barrel in Asia amid stubbornly high U.S. crude inventory surpluses even after a drop down of the stockpile last week.
On the New York Mercantile Exchange, Benchmark crude for October delivery was downhill 56 cents to USD 75.46 a barrel at late afternoon Singapore time in electronic trading. On Wednesday, the contract lost 78 cents to settle at USD 76.02.
Heating oil was downhill 0.83 cent at USD2.124 a gallon and gasoline knock down 1.30 cents to USD 1.953 a gallon, in other Nymex trading in October contracts. Natural gas climbed 1.6 cents to USD 4.011 per 1,000 cubic feet.
Brent crude for November delivery dropped 50 cents to USD78.92 a barrel on the ICE Futures exchange, In London.
Newer news items:
- Mentha oil futures fragment downhill
- Crude oil trades at approximately USD 74.89/bbl
- BMD CPO futures upbeat 1.7%; Dalian, demand perspective
- Oil price resolves near to USD 74 a barrel
- Oil bounds more than USD 75 a barrel
Older news items:
- 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 cascades near to USD 72 a barrel
