SUBSCRIBERS
Oil turns lower in Asia, US crude stays below US$50
Published Tue, Feb 24, 2015 · 09:50 PM
Singapore
OIL turned lower in Asia on Tuesday as a feeble rebound failed to take hold, with prices under pressure in an oversupplied market.
US benchmark West Texas Intermediate (WTI) for April delivery was down 29 US cents to US$49.16. Brent crude for April fell 17 US cents to US$58.73 in afternoon trade, reversing gains in the morning.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns