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Oil Up In Asia As Investors Seize Cheaper Crude
Reported By nikitha On 16th Jun 2011
Source spacer : spacer DDinews
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Oil up in Asia as investors seize cheaper crude Oil was up in Asian trade on Thursday as traders engaged in bargain-hunting after crude prices slid below USD 95 per barrel in overnight trade, analysts said.New York's main contract, West Texas Intermediate (WTI) light sweet crude for July delivery, rose 48 cents to USD 95.29 a barrel. Brent North Sea crude for delivery in August gained 99 cents to USD 114.00 on its first trading day.Bargain-hunting traders were buying up crude after its overnight dip, said Victor Shum, a Singapore-based analyst at Purvin and Gertz international energy consultancy. "Traders view this as a buying opportunity after oil prices tumbled," he told.WTI crude prices had dived more than USD 4.50 in late US trade on Wednesday, sinking below USD 95 as investors fretted about fresh signs of weakness in the US economy and tensions in Greece sent the dollar jumping .Data from the US released Wednesday showed manufacturing conditions in New York falling into negative territory for the first time since November 2010 as inflation rates soared to their highest level in more than two-and-a-half years.Markets had also been rattled by the failure of eurozone finance ministers to reach an accord in Brussels Tuesday on a second bailout package aimed at averting a Greek debt default, sending the dollar sharply higher against the euro.
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Latest Business News  
Huawei Devices to set up centre in Bangalore
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14 June 2011 statesman news service BANGALORE, 14 JUNE: Huawei Devices, a subsidiary of the $28-billion turnov...
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New faces in key Air India posts likely
New Faces In Key Air India Posts Li
15th Jun 2011
14 June 2011 press trust of india NEW DELHI, 14 JUNE: Air India may soon have new faces as heads of the crucia...
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Reddy meets PM to push for fuel price hike
Reddy Meets PM To Push For Fuel Pri
15th Jun 2011
14 June 2011 sns & ptiNEW DELHI, 14 JUNE: With the losses of oil firms mounting with each passing day, oil min...
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Deveshwar to pave way for successor in 5 years
Deveshwar To Pave Way For Successor
15th Jun 2011
14 June 2011 press trust of indiaNEW DELHI, 14 JUNE: Indicating a change in its top leadership position in the...
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FM calls for proper adjustments
FM Calls For Proper Adjustments
15th Jun 2011
14 June 2011 sns & ptiNEW DELHI/MUMBAI, 14 JUNE: The Union finance minister, Mr Pranab??Mukherjee, has express...
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Citigroup cuts stake in HDFC to 9.9%
Citigroup Cuts Stake In HDFC To 9.9
15th Jun 2011
14 June 2011 NEW YORK/MUMBAI, 14 JUNE: Citigroup today said it had reduced its stake in mortgage lender HDFC t...
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Tata Motors clarifies on Singur Bill
Tata Motors Clarifies On Singur Bil
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The Bill does not state the reasons for stoppage of operations and shifting of the plant. Tata Motors Ltd...
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Extend DEPB till GST launch: FIEO to govt
Extend DEPB Till GST Launch: FIEO T
14th Jun 2011
The Federation of Indian Exports Organisations (FIEO) today suggested that the 14-year-old Duty Entitlement Pa...
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IDBI Bank?s Hindi House Journal ''Vikas Prabha'' receives award from Governor of RBI
IDBI Bank?s Hindi House Journal ''V
14th Jun 2011
AgenciesMumbai, June 13:Hindi House Journal of IDBI Bank ltd. ''Vikas Prabha'' received Excellent Magazine Awa...
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RIL's insurance foray to face challenge from Rel Life , others
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RIL chairman Mukesh Ambani™s foray into the insurance business is likely to face stiff competition from existi...
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The B magazine has some of the most competetive rates in the Desi Publishing Industry. We are affordable to allow more businesses to tap into the Desi Market in Dallas ,TX
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TajMahal Indian Cuisine has long been Austin's favorite dining experience. Owners Ajay and his wife Kiran, were both raised and educated in the art of Indian cooking and hospitality in New Delhi, India. Opening TajMahal Indian Cuisine in 1990, the couple gave many Austinites their first taste of intriguing tastes of India. The public responded with numerous awards for Best Indian and Best Buffet in the Austin Chronicle's well-respected 'Best of Austin' awards, year after year.
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Discounted Fares Inc, as the name speaks for itself deals with discounted airfares for international travel. Willie Abraham, the President and CEO, has been in the travel industry for over 22 years. He was the Co Founder of a reputed travel agency in Dallas since 1989,moving on to open branches in Austin,Texas and Mumbai, India.
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Paradise Biryani Pointe is a perfect and pleasant place for Delicious and Traditional Hyderabad Nawabi Food. With the strength of esteemed and loyal customer base we are very glad to serve our customers in New Jersey, Virginia, Texas and North Carolina to relish their Taste buds with Traditional Taste and Unique Preparation of Hyderabadi Biryani, Moghlai and Tandoor Cuisine.
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The vision for Nishel Events by Design was created by Nisha Patel. She is well known for her high energy, spunky attitude and natural sense of unique creativity. Nisha and her staff have a true passion and talent to create that once in a lifetime experience that will never be forgotten.
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Tanmai Jewelers specilaizes in diamond jewelry. We are Importers/Exporters and trusted Suppliers of Quality Stones and Jewelry.
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Lucid Travel Inc. based in Dallas is a full service travel agency. Lucid Travels offers competitive rates for international travel (Europe, Middle East, Asia, South America and Africa). Lucid Travels Inc. has professional staff in order to meet all your travel based requirements.
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Micropix Creation is a full service Graphic,Print ,Web Design and Development Company located in Dallas ,TX
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Jai Ho..! Restaurant offers you a relaxed, contemporary atmosphere for you to enjoy an extraordinary, authentic Indian Cuisine in addition to Chinese dishes. Enjoy excellent food, cozy ambience, outstanding service and comfort in the middle of DFW metropolis.
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radiokhushi.com
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