NYMEX Crude futures fell
Crude oil futures dipped this Friday in Asia as traders opted to take profit ahead of the weekend, with regional share markets largely directionless and fundamentals staying weak.
David Moore, commodity strategist at Commonwealth Bank of Australia, stated:
Oil consumption is likely to remain weak, a consequence of the global recession, limiting the upside to oil prices.
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Fri, Apr 24, 2009
Post by Mike Rodger, Oil Reporter