Oil prices fell to near $72 a barrel Thursday in Asia as investors mulled whether recent signs of recovering crude demand can be sustained next year.
Benchmark crude for January delivery was down 33 cents to $72.33 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
On Wednesday, the contract surged by $1.97 to settle at $72.66 after the Energy Information Administration said that crude supplies and distillate fuels including heating oil dropped by more than analysts expected.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment