Loading...
See More

Oil prices mixed in Asian trade

Feb 18 2013 07:48 AFP

(File, AP)

Related Articles

Oil prices climb on US jobs report

Oil prices rise in Asian trade

Oil prices trading mixed

Oil prices inch up

Oil up in Asian trade

Oil up as Opec lifts demand forecast

 

Singapore - Oil prices were mixed in Asia on Monday with downward pressure coming from a slip in US industrial output, analysts said.

New York's main contract, light sweet crude for delivery in March, eased 25 cents to $95.61 a barrel in the afternoon while Brent North Sea crude for delivery in April added 15 cents to $117.81.

Trading was restrained "after an unexpected dip in US industrial production spurred concerns about lagging economic activity", Phillip Futures said in a report.

Official data Friday showed industrial production in the United States - the world's largest economy and oil consumer - contracting 0.1% in January, with manufacturing output falling 0.4%.

"Economists had been expecting a modest increase in industrial output in January," Phillip Futures said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

commodities  |  markets  |  oil
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Thirty and still single? There’s hope!

Are you thirty and still single, without even a hint of a prospect on the horizon? Then read this!

 
 

Men24.com

SA’s Playboy Playmate of the year in action!
12 lies everyone accepts as fact
Hottie of the day: Charlotte
Breakup text goes viral and it’s hilarious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...