Oil prices fell to near $101 a barrel on Tuesday in Asia as traders anticipated a further rise in weekly U.S. crude inventories in a sign of weakening demand.Benchmark crude for June delivery was down $1.65 to $100.90 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose $5.37, or 5.5 per cent, to settle at $102.55 on Monday.In London, Brent crude for June delivery was down $1.53 to $114.37 a barrel on the ICE Futures exchange.
Showing posts with label Oil Prices. Show all posts
Showing posts with label Oil Prices. Show all posts
Tuesday, May 10, 2011
Oil falls to near $101
Oil prices fell to near $101 a barrel on Tuesday in Asia as traders anticipated a further rise in weekly U.S. crude inventories in a sign of weakening demand.Benchmark crude for June delivery was down $1.65 to $100.90 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose $5.37, or 5.5 per cent, to settle at $102.55 on Monday.In London, Brent crude for June delivery was down $1.53 to $114.37 a barrel on the ICE Futures exchange. 
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