Commodity News
HeadLine : Shares in Asia mixed in light regional trade, no major data
Date : Sep 23 2016

Brent, NYMEX weaker in Asia as recent gains retraced, rig count data up


 Crude prices fell in Asia on Friday, retracing recent gains built on a surprise stockpile drop and looking ahead to U.S. with rig count data slated.

Crude oil for November delivery on the New York Mercantile Exchange fell 1.08% to $45.82 a barrel. on the ICE Futures Exchange in London, Brent oil for November delivery dipped 0.84% to $47.25 a barrel

Last week, oilfield services provider Baker Hughes said the number of rigs drilling for oil in the U.S. rose by 2 to 416, marking the 11th increase in 12 weeks.

Overnight, oil prices extended sharp overnight gains during North American hours on Thursday, as a broadly weaker U.S. dollar and easing concerns over a slowdown in U.S. crude demand boosted sentiment.

Source: Investing.com

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