29 Mar '11, 3am

Crude down in Asia - Straits Times

SINGAPORE - CRUDE fell in Asian trade on Tuesday amid a stronger greenback as Libyan rebels emboldened by Western air strikes marched towards dictator Muammar Gaddafi's birthplace Sirte, analysts said. New York's main contract, light sweet crude for delivery in May, lost 42 cents to US$103.56 per barrel while Brent North Sea crude for May dipped 50 cents to US$114.30. 'US crude oil fell as Libya's rebels gained against forces loyal to Muammar Gaddafi,' Phillip Futures said in a report. 'A stronger dollar also pressured oil prices by making dollar-denominated commodities more expensive for those using other currencies.' More than 35 countries, including seven Arab states, were due to meet in London later on Tuesday to map out a post-Gaddafi future for Libya even as rebels marching to the ruler's birthplace Sirte were halted by government forces. The meeting was aimed at pla...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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Oil prices trade lower in Asia

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SINGAPORE: World oil prices fell in Asian trade Thursday as investors continued to lock in profits from recent gains and L...

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