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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  
Sensex ends flat; down 3 pts on inflation worries, global cues
Sensex Ends Flat; Down 3 Pts On Inf
14th Jun 2011
AgenciesMumbai, June 13:The BSE benchmark Sensex closed almost flat on Monday, losing over three points at 18,...
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Monsoon Capital buys 50% in Phoenix Group's project
Monsoon Capital Buys 50% In Phoenix
14th Jun 2011
Monsoon Capital, a US-based private equity firm, picked up 50% equity stake for nearly $16 million in a real e...
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Pranab suggests global action to end era of banking secrecy
Pranab Suggests Global Action To En
14th Jun 2011
Finance Minister Pranab Mukherjee on Monday called for stepping up multilateral cooperation to end the era of ...
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FM inaugurates PNB's 10th farmer training centre
FM Inaugurates PNB's 10th Farmer Tr
14th Jun 2011
AgenciesNew Delhi, June 13:Hon™ble Union Finance Minister, Shri Pranab Mukherjee inaugurated Farmers™ Training...
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Phoenix to invest Rs 2000 Cr in upscale residential projects
Phoenix To Invest Rs 2000 Cr In Ups
14th Jun 2011
AgenciesHyderabad, Jun 13Infrastructure conglomerate developer Phoenix Group has kicked of its Rs 2,000 crore ...
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L&T's Electrical & Automation awarded order worth Rs 110.31 from WBSEDCL
L&T's Electrical & Automation Award
14th Jun 2011
AgenciesMumbai, Jun 13The Electrical & Automation (E&A) business of Larsen & Toubro Limited (L&T) has been awa...
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Citi says hackers access bank card data
Citi Says Hackers Access Bank Card
9th Jun 2011
New York/Sydney: Citigroup Inc said computer hackers breached the bank's network and accessed the data of abou...
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SpiceJet to begin Tier-2 and 3 regional services from July
SpiceJet To Begin Tier-2 And 3 Regi
9th Jun 2011
Mumbai: Private air-carrier SpiceJet will begin regional operations from Tier-2 and 3 cities like Vijayawada, ...
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Food inflation jumps to 9.01% for week ended May 28
Food Inflation Jumps To 9.01% For W
9th Jun 2011
New Delhi: Notwithstanding the government's projections of a moderation in the rate of price rise of food item...
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Air India in talks with banks to restructure loan
Air India In Talks With Banks To Re
6th Jun 2011
Mumbai: Air India is in talks with public sector banks led by State Bank of India for restructuring its workin...
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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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