Oil Edges Down on U.S. Economic Data -Shanghai Metals Market

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Oil Edges Down on U.S. Economic Data

Data Analysis 09:07:01AM 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.

 

Key Words:  oil   oil price  

Oil Edges Down on U.S. Economic Data

Data Analysis 09:07:01AM 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.

 

Key Words:  oil   oil price