SINGAPORE:
Oil prices extended losses in Asian trade Friday as data showing a
slowdown in China´s giant economy sparked concerns about weak demand.
Expectations that Libyan oil will return to the market after rebels lifted a blockade of crude terminals also helped push prices lower, analysts said.
New York´s main contract West Texas Intermediate for May delivery eased 16 cents to $103.24 a barrel in mid-morning trade while Brent North Sea crude tumbled 12 cents to $107.34 for its May contract.
Expectations that Libyan oil will return to the market after rebels lifted a blockade of crude terminals also helped push prices lower, analysts said.
New York´s main contract West Texas Intermediate for May delivery eased 16 cents to $103.24 a barrel in mid-morning trade while Brent North Sea crude tumbled 12 cents to $107.34 for its May contract.
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