Thursday, 25 October 2012

Crude oil futures lower in Asian trading hours


MTECHTIPS

Crude oil futures lower in Asian trading hours

Crude oil futures were lower in Asian trading hours on Friday.
On the New York Mercantile Exchange, Crude oil futures for December delivery traded at USD85.95 a barrel at time of writing falling 0.11%.
It earlier traded at a session low USD85.77 a barrel. Crude oil was likely to find support at USD84.95 and resistance at USD91.27.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.07% to trade at USD80.11.
Elsewhere on the ICE, Brent oil for December delivery fell 0.23% to trade at USD108.33 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD22.38 a barrel.

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