INQUIRER.net: Crude prices mixed in Asian trade

INQUIRER.net Philippine News for Filipinos

Crude prices mixed in Asian trade Feb 18th 2013, 03:17 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 14 cents to $95.72 a barrel while Brent North Sea crude for delivery in April added 26 cents to $117.92.   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 percent in January, with manufacturing o... Keep on reading: Crude prices mixed in Asian trade Media files: US-Oil-Boom-1024x593.jpg (image/jpeg)

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