Crude oil declines in Asian session

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Source: Forexpros
Crude oil futures edged down in Asia session on Friday after posting moderate gains on Thursday on larger than expected fall in the US crude oil inventories last week. Experts claim that stronger greenback added pressure on the commodity.  Light, sweet crude oil futures for delivery in August traded at USD86.75 per barrel on the New York Mercantile Exchange, declining by 0.53%.


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Fri, 06 Jul 2012 06:10:42 GMT

Brazil's auto production fell in June

Auto production in Brazil continued to contract last month despite recent government's tax breaks that have provided some support for the industry. Vehicle output dropped by annualized 9.4% in the first half 2012. At the same time auto sales declined by 1.2% on a yearly basis; however, sales were 23% up from the May's figure. The market has strong growth

Fri, 06 Jul 2012 05:48:44 GMT

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