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Oil prices rebound in Asian trade

Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high. New York's West Texas Intermediate for June delivery, was up 30 cents at $101.74 a barrel in afternoon trade, and Brent North Sea crude for June rose 24 cents to $109.35. Both contracts tumbled Wednesday on the US stockpiles data, which indicate softer demand at a time of robust production in the world's biggest oil consuming nation.

Oil prices down ahead of US stockpiles report

Oil prices edged lower in Asian trade Wednesday despite hopes that a key US stockpiles report would beat bearish forecasts and ease concerns about tepid demand in the world's top crude consumer. New York's main contract, West Texas Intermediate for June delivery, was down 20 cents at $101.55 a barrel in afternoon trade while Brent North Sea crude for June eased nine cents to $109.18. WTI for May delivery, which expired Tuesday, fell $2.24 in New York trade. Brent dropped 68 cents in London.

Oil prices rise ahead of US stockpiles report

Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand in the world's top crude consumer. New York's main contract, West Texas Intermediate for May delivery, was up two cents at $101.77 a barrel in mid-morning trade while Brent North Sea crude for June rose 14 cents to $109.41. "Prices are holding steady as investors are hoping that US inventories out Wednesday would not be as bearish as expected," Ric Spooner, chief market analyst at CMC Markets in Sydney, told AFP.

Oil prices edge higher as Ukraine boils

Oil prices pushed higher in quiet trade Monday, gaining support from the Ukraine crisis following a deadly gunfight over the weekend. New York's main contract, West Texas Intermediate for May delivery, added 7 cents to $104.37. In London, where trade was limited to electronic deals due to the Easter holiday, Brent North Sea crude for June rose 42 cents to $109.65 a barrel. Desmond Chua, market analyst at CMC Markets in Singapore, said trading volumes were thin owing to the long Easter weekend.

Loonie little changed, commodity prices mixed; traders look to retail data

TORONTO - The Canadian dollar closed slightly lower Monday amid a dearth of market-moving data and mixed commodity prices. The loonie was down 0.01 a cent to 90.79 cents US. It's a light week for economic data. The primary economic news for the week comes out Wednesday when Statistics Canada is expected to report that retail sales in February rose 0.4 per cent from January, when sales posted a big 1.3 per cent bounce from the poor performance registered in December because of severe ice storms.

Oil prices down in quiet Asian trade

Oil prices were down in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said. New York's main contract, West Texas Intermediate for May delivery, dipped 22 cents to $104.08 in mid-morning trade and Brent North Sea crude for June eased 44 cents to $109.09 a barrel. Desmond Chua, market analyst at CMC Markets in Singapore, said trading volumes are thin in Asian trade after the long Easter weekend.

Oil prices down in quiet Asian trade

Oil prices were down in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said. New York's main contract, West Texas Intermediate for May delivery, dipped 22 cents to $104.08 in mid-morning trade and Brent North Sea crude for June eased 44 cents to $109.09 a barrel. Desmond Chua, market analyst at CMC Markets in Singapore, said trading volumes are thin in Asian trade after the long Easter weekend.

Oil prices stable amid Ukraine talks

Oil prices diverged slightly on Thursday as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts said. New York's main contract, West Texas Intermediate for delivery in May, edged up nine cents to $103.85 a barrel. Brent North Sea crude for June eased 16 cents to $109.44 a barrel in London deals.

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade Thursday as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts said. New York's main contract, West Texas Intermediate for May delivery, was up 23 cents at $103.99 in mid-morning trade and Brent North Sea crude for June eased seven cents to $109.53. Singapore-based Phillip Futures said events in Eastern Europe continued "to peg crude prices at elevated levels" ahead of Geneva talks on Thursday between Ukraine, Russia, the European Union and Washington.

Oil prices rise in Asian trade

Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York's main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents to $109.67. Analysts said events in Eastern Europe continued to support oil prices ahead of Geneva talks on Thursday between Ukraine, Russia, the European Union and Washington.
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