Friday, March 28, 2014

Epic Research Singapore : Comex Market Update

Oil prices were mixed in Asian trade on Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria.
 
New York's main contract West Texas Intermediate for May delivery was up eight cents at US$101.36 a barrel in mid-morning trade, while Brent North Sea crude for May settlement fell 13 cents to US$107.70.

The Commerce Department on Thursday said the economy grew at an annual rate of 2.6 per cent in the fourth quarter of last year, stronger than the 2.4 per cent previously estimated, as consumer spending picked up.

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