Oil rebounds in Asia amid demand prospects

Note: This section contains information in English only.
Source: Investing.com
On Thursday prices for NYMEX crude oil in Asia edged up slightly amid noticeable demand prospects in the US economy. Oil futures for March delivery added 0.20% to $44.54 per barrel in Asia, while WTI futures experienced further pressure despite US economy expansion. Meanwhile, Brent futures for March delivery slid 0.96% and traded at $49.13 per barrel on the ICE Futures Exchange in London. Prices for oil lost approximately 60% since June due to OPEC refusing to reduce output and US pumping at record rate.
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Thu, 29 Jan 2015 10:17:04 GMT

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