Dhaka Wednesday, Oct 4, 2023
Petroleum
LONDON, Dec 14 (BSS/AFP) – Crude oil futures retreated this week on oversupply concerns as commodity traders focused largely on the outlook for US stimulus. OIL: Oil prices slid on Friday as dealers fretted over a global oversupply in crude, while speculation the US Federal Reserve will soon scale back its stimulus programme also weighed. “Investors are not only concerned about an oversupply in the US from shale oil, but... »
SINGAPORE, Dec 09, 2013 (BSS/AFP) – Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world’s biggest economy. New York’s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $97.88 a barrel in mid- morning trade, while Brent North Sea crude for January rose 13 cents to $111.74. Singapore’s United Overseas Bank said in... »