Breaking News, World News and Taiwan News.

Oil falls after rising on Ukraine crisis

BEIJING -- The price of oil declined Friday after rising to near US$102 per barrel on worries about tensions in Ukraine.

Benchmark U.S. crude for June delivery shed 30 cents to US$101.64 on the New York Mercantile Exchange. Brent crude, an international benchmark for oil, gave up 27 cents to US$110.06 on the ICE Futures exchange in London a day after gaining US$1.22.

Ukraine is going through its biggest political crisis since the fall of the Soviet Union, sparked by months of anti-government protests and President Viktor Yanukovych's flight to Russia. Ukrainian forces launched an operation Thursday to drive pro-Russia insurgents out of occupied buildings in the country's turbulent east. In response, Russia responded by announcing military exercises near Ukraine's border.

In other energy futures trading in New York:

— Wholesale gasoline was down 5 cents at US$3.04 a gallon.

— Heating oil rose 3 cents was steady at US$3.01 a gallon.

— Natural gas fell 2.5 cents was flat at US$4.70 per 1,000 cubic feet.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search