Friday, 12 July 2013
Oil extends losses on profit-taking
AFP_SINGAPORE: Oil prices extended losses on profit-taking in Asian trade Friday following sharp gains powered by the US central bank's pledge to retain its massive bond-buying programme, analysts said.New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, eased 11 cents to $104.80 a barrel in afternoon trade, while Brent North Sea crude for August delivery shed eight cents to $107.65.WTI hit a 15-month high of $107.45 in New York on Thursday and Brent
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