Crude drops from 4-week high on Spain's downgrade

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Source: Bloomberg
Crude oil price declined from almost 4-week high in New York trade after S&P ratings agency cut Spain's sovereign credit rating, boosting concerns that further recession in Europe may halt demand for crude. Oil to be delivered in June lost USD 0.61, reaching USD 103.94 a barrel. June Brent oil gave up USD 0.49 and traded at USD 119.43 a barrel. 
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Fri, 27 Apr 2012 09:57:34 GMT

Hong Kong index finishes 0.3% down despite early gains

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South Korean current account surplus increased in March

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