Crude oil jumps to $103

PTI Singapore | Updated on November 10, 2017

Crude prices rose in the Asian trade today, led by ongoing tensions in the oil-rich Gulf region and the impact from Japan’s nuclear crisis.

New York’s main contract, light sweet crude for delivery in April, gained $1.65 to $103.07 per barrel while Brent North Sea crude for May was up $1.56 at $116.46.

“The initial reaction to Japan is a sharp drop in oil demand in the short-term,” said Mr Jason Feer, analyst for Singapore-based Argus Media energy market analysts.

Published on March 18, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor