Wednesday, February 6, 2013

Crude oil posts slight rally after positive economic data

Oil prices rallied slightly in Asian trading on Thursday as traders priced in economic data that showed that the employment situation was improving in Australia and New Zealand. At the same time, investors eagerly awaited the European Central Bank’s interest rate decision.

On the New York Mercantile Exchange, oil futures for March delivery were up just 0.14% at USD96.75 per barrel in Asian trading, up from a session low of USD96.70 and down from a high of USD96.89 per barrel.
Continue Reading....

No comments:

Post a Comment