Agri Business

Oil falls to $89 on profit-taking

Agencies Mumbai | Updated on January 05, 2011 Published on January 05, 2011

A file picture of a crude oil tanker   -  The Hindu

Oil prices were trading lower in the Asian trade on Wednesday as investors booked profits following a rally that took the commodity stocks to a two-year high.

New York’s main contract, light sweet crude for February delivery, dipped 38 cents to $89 per barrel. Brent North Sea crude for February was down 49 cents at $93.04.

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Published on January 05, 2011
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