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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.

US oil prices flat following bearish supply report

Oil prices in New York Wednesday finished essentially flat as a bearish US oil inventory report offset concerns that rising political tensions in Ukraine could affect energy supplies. US benchmark West Texas Intermediate for May delivery edged up by a penny to $103.76 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for June delivery advanced 24 cents to $109.60 a barrel in London on the Intercontinental Exchange. The political crisis over Ukraine propelled oil prices higher in the early part of the day.

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Oil prices down in Asian trade

Oil prices eased in Asian trade Tuesday, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York's main contract, West Texas Intermediate for May delivery, dropped 72 cents to $103.33 and Brent North Sea crude for May eased 49 cents to $108.58 a barrel. "Despite easing during Asian trading, oil prices maintained strong foothold at elevated levels," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP.

Oil prices down in Asian trade

Oil prices eased in Asian trade Tuesday, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York's main contract, West Texas Intermediate for May delivery, dropped 65 cents to $103.40 in afternoon trade and Brent North Sea crude for May eased 41 cents to $108.66 a barrel. "Despite easing during Asian trading, oil prices maintained strong foothold at elevated levels," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP.

Oil prices rise as Ukraine offsets higher stockpiles

Oil prices rose slightly on Wednesday as concerns over supplies through Ukraine offset official data showing a jump in US crude inventories, traders said. New York's main contract West Texas Intermediate (WTI) for delivery in May climbed 35 cents to $102.91 a barrel. Brent North Sea crude for May gained 28 cents to stand at $107.95 a barrel in late London deals.
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