Bank Of Baku

Oil prices fall on US data

Oil prices fall on US data
# 15 April 2009 07:48 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Oil prices dropped on Tuesday after data showed retail sales shrank unexpectedly in the US, the world’s largest energy consumer, and amid persistent market concerns about contracting global oil demand.
New York’s main futures contract, light sweet crude for May delivery, lost 64 cents from Monday’s closing price to $US49.41 per barrel.
London’s Brent North Sea oil for May delivery shed 18 cents to $US51.96 per barrel.
Gold for June delivery lost $US3.80 to $US892.00 an ounce on the COMEX division of the New York Mercantile Exchange.
May silver fell 0.3 cent to $US12.765 an ounce, while May copper lost 0.105 cent to $US2.115 a pound.
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