Crude prices fell in Asian trade today as investors braced for further interest hikes in China, the world's largest energy consumer. New York's main contract, light sweet crude was down 49 cents at 85.15 dollar per barrel. Brent North Sea crude dipped two cents at 97.37 dollar.Reports that Saudi Arabia is pumping more oil also dampened sentiment, analysts said.
News On AIR | January 28, 2011 12:30 PM
Oil prices dip in Asian trade