Tuesday 19 May 2015

Oil prices mixed in Asia as global glut overshadow impact of tensions in Middle East

crude-oil


Oil prices were mixed in Asia on Tuesday as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts said.

US benchmark West Texas Intermediate (WTI) for June delivery gained ten cents to $59.53 while Brent crude for July eased eight cents to $66.19 in afternoon trade.

Yemen is not a major oil-producing country, but its coast forms one side of the Bab el-Mandeb Strait, the key strategic entry point into the Red Sea through which some 4.7 million barrels of oil pass each day on ships headed to or from the Suez Canal.

Real Time News & Trading Trends Keep Liking #EpicResearch

FacebookTwitterYouTubePinterestLinkedinGoogle+

For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

0 comments:

Post a Comment

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Online Project management