Breaking News, World News and Taiwan News.

Political concern in Spain, Italy fuels oil price decline

AFP
February 6, 2013, 12:03 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

SINGAPORE--Oil prices fell in Asian trade on Tuesday in-line with a sell-off in regional equities, analysts said, largely due to political concerns in Spain and Italy.

New York's main contract, light sweet crude for delivery in March, dropped 9 cents to US$96.08 a barrel in the afternoon and Brent North Sea crude for March shed 41 cents to US$115.19.

“Oil is sliding in parallel with equities markets here in Asia. We're seeing a more bearish market,” said Victor Shum, managing director at energy consultancy IHS Purvin & Gertz in Singapore.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Global business groups oppose British class-action proposal

NEXT ARTICLE
Euro stability worries help greenback to gains in Asia

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	"Dress First is the leading supplier of all kinds of dresses. You can buy your favorite suknie ślubne here."
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.