Oil prices down

AFP, SINGAPORE: Oil prices were lower in Asia yesterday following a mixed US energy report and after the US Federal Reserve signalled it will keep its near-zero benchmark interest rates unchanged for now, analysts said.
US benchmark West Texas Intermediate for July delivery fell 21 cents to $59.71 while Brent crude for August was down 10 cents at $63.77 in afternoon trade.
The US Department of Energy’s (DoE) inventory report for the week to June 12 showed Wednesday that crude reserves fell 2.7 million barrels, the seventh straight weekly decline.

 

Oil prices down

AFP, SINGAPORE: Oil prices were lower in Asia yesterday following a mixed US energy report and after the US Federal Reserve signalled it will keep its near-zero benchmark interest rates unchanged for now, analysts said. US benchmark West Texas Intermediate for July delivery fell 21 cents to $59.71 while Brent crude for August was down 10 cents at $63.77 in afternoon trade. The US Department of Energys (DoE) inventory report for the week to June 12 showed Wednesday that crude reserves fell 2.7 million barrels, the seventh straight weekly decline.