Oil prices were mixed in Asian trade today after a steep decline in US trade, as investors await the release of US stockpiles data while keeping an eye on a disruption in Iraqi supplies. New York's main contract, West Texas Intermediate, WTI for February delivery, eased two cents to 95.42 US Dollars in mid-morning trade while Brent North Sea crude for February rose 25 cents to 108.03 US Dollars . WTI plunged 2.98 US Dollars in New York trade yesterday while Brent tumbled 3.02 US Dollars, following news that a major Libyan field could come back on line later this week, which wouldsoften demand. A spokesman for the Libyan National Oil Corporation said yesterday that the 330,000 barrel a day El Sharara field is expected to resume normal output within two or three days, once protesters who have blocked production pull out.
News On AIR | January 3, 2014 10:50 AM
Oil prices mixed in Asia trade