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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  
Western economies can learn from India: Amartya Sen
Western Economies Can Learn From In
4th Jun 2011
Oxford: At a time when several economies in the western world are facing severe crisis, Nobel laureate Amartya...
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SpiceJet fund raising seen affected by telecoms probe
SpiceJet Fund Raising Seen Affected
4th Jun 2011
New Delhi: Budget carrier SpiceJet expects fund raising to be "challenging," after media reports that linked t...
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Sony Pictures confirms hacking of its websites
Sony Pictures Confirms Hacking Of I
4th Jun 2011
New York: Sony Pictures Entertainment confirmed late Friday evening that some of its websites were breached an...
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Oxford chancellor wants Montek to become IMF head
Oxford Chancellor Wants Montek To B
4th Jun 2011
Oxford: The chancellor of the University of Oxford, Lord Chris Patten, wants India™s Planning Commission Deput...
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GDP growth slows to 7.8% in Q4, improves to 8.5% in FY11
GDP Growth Slows To 7.8% In Q4, Imp
2nd Jun 2011
Confirming fears of a slowdown, India's economy grew by just 7.8 per cent in the fourth quarter ending March t...
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Five Indian ministers to attend Mini PBD
Five Indian Ministers To Attend Min
2nd Jun 2011
Five Indian ministers will attend the mini Pravasi Bharatiya Divas, (PBD) in Toronto next week, the biggest co...
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Exports grow by 34.4% in April, imports up 14.1%
Exports Grow By 34.4% In April, Imp
2nd Jun 2011
India's exports grew by 34.4 per cent on an annual basis to USD 23.8 billion in the first month of the 2011-12...
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Sensex sheds 114 pts on concerns over recovery of US economy
Sensex Sheds 114 Pts On Concerns Ov
2nd Jun 2011
The BSE benchmark Sensex on Thursday fell 114 points to 18,494.18 as investors booked profits amid overseas co...
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Take all steps to curb inflationary pressure: PMEAC
Take All Steps To Curb Inflationary
2nd Jun 2011
Amid price rise worries, PMEAC Chairman C Rangarajan has said all available policy measures should be put in p...
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Govt committed to achieve 2011-12 fiscal targets: Pranab
Govt Committed To Achieve 2011-12 F
2nd Jun 2011
Buoyed by better-than-expected performance on government finances' front in 2010-11, the Centre on Thursday sa...
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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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