Oil was flat in Asia today amid an extended sell-off in equities on concerns over the US central bank ending its multi-billion dollar economic stimulus measures, as well as poor Chinese manufacturing data.New York's main contract, West Texas Intermediate light sweet crude for delivery in August, was flat at 95.40 dollar a barrel in morning trade and Brent North Sea crude for August delivery added five cents to 102.20 dollar. WTI lost 2.84 dollar in late New York trade yesterday, and the Brent dropped 3.97 dollar, its biggest loss since November 7.
News On AIR | June 21, 2013 10:55 AM
Oil flat in Asia on Fed easing stimulus & poor Chinese manufacturing data