Oil Prices Stable in Asian Trade
Friday, November 13, 2009 at 5:41 pm
SINGAPORE: Oil prices were flat in Asian trade Friday with investors spooked by an unexpected rise in US crude inventories, analysts said.
New York’s main contract, light sweet crude for delivery in December, fell three cents to 76.91 dollars per barrel. Brent North Sea crude for December delivery was unchanged at 76.02 dollars.
Data released late Thursday showed an increase in crude stockpiles in the US, the world’s largest energy consuming nation.
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