Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
SK Energy, Korea’s leading energy provider, declared 1st quarter earnings results for 2009. 1st quarter revenue dipped by 14% to KRW 8,105.3 billion from the same period 2008, while operating profit and net income increased by 62% and 2% year-over-year to stand at KRW 645.8 billion and KRW 247 billion respectively. For full story, click [...]
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