Oil prices shadow $100 in Asian morning trade
World oil prices rose on Thursday and hovered around 100 dollars, supported by a weakening US dollar that fell to a new low against the euro.
By Agencies |
SINGAPORE: World oil prices rose on Thursday and hovered around 100 dollars, supported by a weakening US dollar that fell to a new low against the euro, dealer said.
In early morning trade, New York's main contract, light sweet crude for delivery in April, rose 29 cents to 99.93 dollars a barrel.
On Wednesday the contract had touched an all-time high of 102.08 dollars per barrel in pre-market electronic trade but closed 1.24 dollars lower at 99.64 dollars a barrel on Wednesday at the New York Mercantile Exchange.
Brent North Sea crude for April rose 27 cents to 98.54 dollars. In London on Wednesday the contract reached a record peak of 100.53 dollars before closing down 1.20 dollars at 98.27 dollars.
In early morning trade, New York's main contract, light sweet crude for delivery in April, rose 29 cents to 99.93 dollars a barrel.
On Wednesday the contract had touched an all-time high of 102.08 dollars per barrel in pre-market electronic trade but closed 1.24 dollars lower at 99.64 dollars a barrel on Wednesday at the New York Mercantile Exchange.
Brent North Sea crude for April rose 27 cents to 98.54 dollars. In London on Wednesday the contract reached a record peak of 100.53 dollars before closing down 1.20 dollars at 98.27 dollars.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
