Comments
Crude prices were mixed in the Asian trade today as oil kingpin Saudi Arabia’s pledge to ensure sufficient supplies partially eased investor worries.
New York’s benchmark West Texas Intermediate contract for April delivery fell five cents to $96.92 and Brent North Sea crude for April delivery was up 21 cents at $112.01. Fears about supply disruption sent Brent soaring close to $120 last week.
Saudi Arabia, OPEC’s largest producer, has said that it is committed to the stability of the oil market after Libya’s crude production dropped as the country is hit by unrest.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.