On Tuesday, Oil prices dropped to near USD 81 a barrel in Asia as falling stock markets and a stronger U.S. dollar weighed on crude.
On the New York Mercantile Exchange, Benchmark oil for January delivery was downhill 50 cents to USD 81.24 a barrel at late afternoon Singapore time in electronic trading. On Monday, The contract fell 24 cents to settle at USD 81.74.
Heating oil dropped 1 cent at USD 2.26 a gallon and gasoline fell 2 cents to USD 2.13 a gallon, in other Nymex trading in December contracts. Natural gas slipped 1.1 cents USD 4.26 per 1,000 cubic feet.
On the ICE Futures exchange, in London, Brent crude fell 58 cents to USD 83.38 a barrel.
Newer news items:
- India's Crude Oil Import Bill Stands At $79,552 Million for 2009-10
- Vietnam November Coffee Exports Forecast 1.33 M Bags, Downhill 2.4% on Year
- EIA Crude Inventories climb moderately
- US Initial Jobless Claims near Two Year Lows, Personal Incomes Rise Though
- US New Home Sales fall 8.1%, Prices Still 10% lesser In YOY Terms
Older news items:
- China and Russia Not To Use Dollar Anymore In Bilateral Trade
- US Economy recovers 2.5% As Consumer Spending Kicks Back
- Saudi Arabia generates Govt Co for Ag Investments Abroad - Minister
- MCX Nickel likely to drop on short selling
- China Steel Firms Register Combined Profit of 7 Billion Yuan
