June 22, 2010 5:40 PM

printer

Crude oil prices soften in Asian trade

Crude oil prices eased in Asian trade, today, after surging the day before as investors weighed the effects of China's announcement that it would allow a more flexible yuan currency. New York's main futures contract, light sweet crude for delivery in July dipped 42 cents, to 77.40 dollars a barrel. London's Brent North Sea crude for August delivery fell 45 cents, to 78.37 dollars a barrel.Analysts today said oil prices retreated on signs that any strengthening of the yuan would be gradual.

Most Read
View All arrow-right

No posts found.