All data is delayed
Loading...
See More

Oil prices mixed in Asian trade

Feb 18 2013 07:48
AFP

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

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

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

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...