Metals News
Oil Edges Down on U.S. Economic Data
data analysis
09:07AM
Mar 25,2011
Source:SMM

NEW YORK, Mar. 24  -- U.S. crude oil price edged down on Thursday as U.S. economic data showed new orders for durable goods fell in February, although the improved labor market data and worries about unrest in the Middle East still lifted the markets.

Light, sweet crude for May delivery slipped 15 cents to settle at 105.60 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for May delivery last traded flat above 115 dollars a barrel.

 

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