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Oil down as Obama seeks Congress approval on Syria

Source: Geo News | 02-09-2013

SINGAPORE: Oil prices fell in Asian trade Monday after US President Barack Obama's announcement that he would seek approval from

lawmakers for military action against Syria eased prospects of an imminent strike, analysts said.

New York's main contract, West Texas Intermediate for delivery in October, was down $1.47 to $106.18 a barrel in mid-morning trade, while Brent North Sea crude for October fell $1.15 to $112.86.

Dollar mostly higher despite weak US home sales data

Source: GeoNews | 22-02-2014

The dollar slipped against the euro but gained against other major currencies Friday as investors appeared to shrug off another disappointing report on the US housing market. The euro traded at $1.3734 around 2300 GMT, up from $1.3721 late Thursday.The dollar rose to 102.49 yen from 102.30 yen. The euro also advanced against the Japanese currency, to 1..... Read more

Oil prices down in Asian trade

Source: Geo News | 03-09-2013

SINGAPORE: Oil prices eased in Asian trade Tuesday on receding fears of an immediate US intervention in Syria but upbeat global economic data capped losses, analysts said. New York's main contract, West Texas Intermediate for delivery in October, was down $1.01 at $106.64, while Brent North Sea crude for October shed 19 cents to $114.14. Read more

Oil prices down in Asia

Source: GEO News | 04-06-2013

SINGAPORE: Oil prices fell in Asian trade Tuesday as data showing weak manufacturing activity in China suggested growth in the world's second largest economy was slowing. New York's main contract, light sweet crude for delivery in July dropped 34 cents to $93.11 a barrel and Brent North Sea crude for July delivery shed four cents to $102.02. Read more

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