Thursday, 29 August 2013
Oil tumbles on profit-taking after Syria fears
SINGAPORE: Oil tumbled in Asian trade Thursday as investors took profits after concerns over a possible US-led military strike on Syria had pushed prices to multi-month highs.New York's main contract, West Texas Intermediate (WTI) for delivery in October, fell 77 cents to $109.33 in mid-morning trade after rising to its highest level since May 2011 the day before.Brent North Sea crude for October delivery shed 76 cents to $115.85 after hitting its highest price in six months on
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment