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Agence France-PresseFebruary 18, 2013 01:30
Crude prices mixed in Asian trade
Oil prices were mixed in Asia on Monday with downward pressure coming from a slip in US industrial output, analysts said.
New York's main contract, light sweet crude for delivery in March, eased 25 cents to $95.61 a barrel in the afternoon while Brent North Sea crude for delivery in April added 15 cents to $117.81.
Trading was restrained "after an unexpected dip in US industrial production spurred concerns about lagging economic activity", Phillip Futures said in a report.
Official data Friday showed industrial production in the United States -- the world's largest economy and oil consumer -- contracting 0.1 percent in January, with manufacturing output falling 0.4 percent.
"Economists had been expecting a modest increase in industrial output in January," Phillip Futures said.
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http://www.globalpost.com/dispatch/news/afp/130218/crude-prices-mixed-asian-trade
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