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PhotoNews Pakistan > Business > Mixed oil prices in Asia trade
BusinessTop News

Mixed oil prices in Asia trade

Web Desk
By Web Desk Published February 21, 2014 1 Min Read
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On Friday the oil prices remained mixed in Asian trade as dealers showed their concerns at  the Chinese economy which is losing strength against the US stockpiles figures.

The analysts believe that the US benchmark WTI (West Texas Intermediate) for April eased one cent to $102.74 in mid-morning trade, while Brent North Sea crude rose four cents to $110.34 for its April delivery.

The weak Chinese PMI data which was released on Thursday has heightened concerns about waning demand from the Asian economic powerhouse, the world´s top energy consumer.

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