Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Oil lower in Asian trade
10-27-2010, 02:44 PM
Post: #1
Oil lower in Asian trade
SINGAPORE (AFP) - Oil fell in Asian hours Tuesday as traders took profits following a rally in New York brought about by a weak US dollar, analysts said.
New York’s main contract, light sweet crude for December delivery, fell 35 cents to 82.17 dollars a barrel in the afternoon. The contract had closed Monday 83 cents higher at 82.52 dollars.
Brent North Sea crude for December delivery was 21 cents lower at 83.33 dollars after closing 96 cents stronger on Monday. “It could be profit-taking as the oil market is taking a breather,” said Serene Lim, a Singapore-based commodities analyst with Australia’s ANZ bank. “There doesn’t seem to be much supportive news (at the moment),” she told AFP. Crude futures rallied in US trade Monday as the weak greenback encouraged investor interest in dollar-denominated commodities including oil, which has become cheaper for buyers holding stronger foreign currencies.
The euro traded at 1.3969 dollars in late US trade Monday but had dropped slightly to 1.3965 dollars in afternoon trade Tuesday.
The dollar changed hands at 80.69 yen Tuesday, down from 80.82 late Monday.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  $15bn trade target set for 2015 is achievable’ Salman 0 4,291 04-16-2013 12:55 PM
Last Post: Salman
  LDA Trade Centre’s auction today Salman 0 4,809 09-18-2012 03:15 PM
Last Post: Salman
  Pakistan for trade expansion with China Salman 0 4,204 04-11-2012 12:44 PM
Last Post: Salman
  PM for increased trade among Asian countries Salman 0 3,813 04-04-2012 01:26 PM
Last Post: Salman
  Pak-India trade moot to take place on 4th Salman 0 3,622 04-02-2012 12:48 PM
Last Post: Salman
  Housing scheme for lower category government employees on card Salman 0 5,509 03-20-2012 02:48 PM
Last Post: Salman
  Pakistan to explore new trade opportunities with New Zealand Salman 0 3,811 03-17-2012 02:20 PM
Last Post: Salman
  UAE investment and trade with Pakistan stands out Salman 0 3,910 02-13-2012 11:53 AM
Last Post: Salman
  ‘Pak trade to get boost even if it captures 1% of India’s market Salman 0 4,118 02-06-2012 01:25 PM
Last Post: Salman
  EU urges Pakistan to enhance trade with ECO countries Salman 0 4,276 12-27-2011 02:03 PM
Last Post: Salman
  Use Gwadar Port for Afghan Transit Trade: CM LRE 2 7,910 12-19-2011 12:31 PM
Last Post: LRE
  Trade volume between Pakistan, Sri Lanka could exceed $1bn Salman 0 4,325 12-14-2011 11:51 AM
Last Post: Salman
  Pak-Turk PTA may achieve $2bn trade target Salman 0 4,675 12-14-2011 11:49 AM
Last Post: Salman
  Quetta : Gwadar will be a centre for trade, says Raisani Salman 0 4,016 12-05-2011 03:36 PM
Last Post: Salman
  Toyota trade scheme to facilitate its value customers Lahore_Real_Estate 0 3,411 10-22-2011 01:38 PM
Last Post: Lahore_Real_Estate
  Trade exhibitions promote int’l business in Pakistan Lahore_Real_Estate 0 3,449 06-18-2011 11:24 AM
Last Post: Lahore_Real_Estate
  1,123-kanal trade centre in the offing Lahore_Real_Estate 0 3,760 05-23-2011 04:58 PM
Last Post: Lahore_Real_Estate
  LDA to set up finance, trade centre Lahore_Real_Estate 0 3,854 05-21-2011 11:59 AM
Last Post: Lahore_Real_Estate
  Gwadar suitable for Afghan transit trade, says CM LRE 2 6,302 01-22-2011 01:08 AM
Last Post: LRE
  Pak PM in Oman; Gwadar, maritime trade top agenda LRE 0 4,327 12-29-2010 11:20 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)