Thursday, 28 March 2013

Oil Prices Rise in Asia on Today

 Oil prices rose in Asia on Today, but analysts believe that the economic difficulties of the euro area continue to cast a shadow on the market.

In New York Light Sweet Crude for May delivery was 17 cents to $ 96.75 a barrel, while Brent North Sea crude for delivery in May by 11 cents to $ 109.80 in mid-morning trade.

However, analysts believe that the market is still weighed down by persistent economic problems in the euro area, selected by agreement of 11:00 to avoid the collapse of the bank in Cyprus, investors' concerns continue to move.


"While the saga of Cyprus continues to play, attention has turned to be the next rescue similar. Fingers pointing in Slovenia, Malta and Luxembourg," said IG Markets in Singapore report.

"The fact that there are so many candidates for help does not bode well for the crisis in the region three years of duty," he added.

No comments:

Post a Comment