Crude oil futures fell in Asian trade

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Source: Forexpros
Crude oil prices decreased in Asian trade on Friday as elevated US inventories and global manufacturing slowdown lingered demand concerns. From the supply side, the commodity was also pressured as talks between Iran and six major economies progress. Light, sweet crude oil futures for delivery in July traded at 90.552 US Dollars per barrel on the New York Mercantile Exchange, inching down by 0.15% at time of writing.


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Fri, 25 May 2012 09:40:53 GMT

Japan's CPI rose by 0.2% in April

Consumer prices in Japan increased by 0.2% last month, being spurred by rising energy costs. The figure still is below the target of central bank of 1%. Energy costs soared by 4.7% in April, indicating that the government's hopes that Japan managed to avoid deflation seem premature, said Martin Schulz from Fujitsu Research Institute.

Fri, 25 May 2012 08:34:50 GMT

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