The price of crude oil was steady above $105 in Asian session Friday, with Light Sweet Crude Oil (WTI) futures for May delivery, edging up $0.15 to $105.50 a barrel.
Yesterday, oil ended lower after some disappointing manufacturing data from China and the euro zone fueled concerns of an economic slowdown globally which could lower demand for oil. While the dollar strengthened, oil prices again came under pressure on speculation that some of the big nations may be considering release of strategic oil reserves.
No comments:
Post a Comment