Thursday, February 21, 2013

Economic concerns in USA and Europe keep oil prices below US$96

Benchmark crude for March delivery dipped to US$95.6 in electronic trading on the Nymex, while Brent crude dipped to US$117.6 on the ICE Futures exchange in London.


Market sentiments have been weigheed down by last week’s data which showed that US industrial production weakened and Europe remained mired in recession.



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