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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  
AI mounts informal efforts to initiate talks with agitators
AI Mounts Informal Efforts To Initi
4th May 2011
Air India's domestic operations remained crippled today with the pilots continuing their strike for the eighth...
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Sensex down 65 pts; continues decline for the eight day
Sensex Down 65 Pts; Continues Decli
4th May 2011
In volatile trading, the BSE Sensex fell for the eighth session in a row Wednesday to close at 18,469, down 65...
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Hero Honda's net profit falls 14% in 2010-11
Hero Honda's Net Profit Falls 14% I
4th May 2011
The country's largest two-wheeler maker Hero Honda Wednesday reported 13.62 percent decline in its net profit ...
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Hero Honda Q4 net profit falls 16% to Rs 502 cr
Hero Honda Q4 Net Profit Falls 16%
4th May 2011
The country's largest two-wheeler maker Hero Honda Wednesday reported a 16.23 percent decline in its net profi...
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Tata Nano may soon cruise on Pakistani roads
Tata Nano May Soon Cruise On Pakist
4th May 2011
The Tata Nano, the world's cheapest car, could be cruising on Pakistani roads if the governments of India and ...
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AI announces 'no work, no pay' principle as strike continues
AI Announces 'no Work, No Pay' Prin
3rd May 2011
Air India Monday announced 'no work, no pay' principle will be implemented to counter the pilots' strike that ...
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Delhi HC orders criminal case against ICPA members
Delhi HC Orders Criminal Case Again
3rd May 2011
Even as the impasse continued for the seventh day between striking pilots and the Air India management over pa...
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Adani acquires Australian port for $2 bn
Adani Acquires Australian Port For
3rd May 2011
The Adani Group-owned Mundra Port and Special Economic Zone Ltd (MPSEZL) Tuesday announced USD 2 billion acqui...
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Bharti Airtel, RComm profits expected to fall; investors eye 2G probe
Bharti Airtel, RComm Profits Expect
3rd May 2011
The country's top two mobile phone carriers, Bharti Airtel and Reliance Communications, are expected to report...
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Tight monetary policy necessary to tame inflation: Pranab
Tight Monetary Policy Necessary To
3rd May 2011
Supporting Reserve Bank's hawkish stance on monetary policy, Finance Minister Pranab Mukherjee Tuesday said th...
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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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desiplaza.us
radiokhushi.com
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