Bank Of Baku

Oil prices fall

Oil prices fall
# 23 May 2014 08:42 (UTC +04:00)

Baku - APA-Economics. Oil futures slipped Thursday as traders who had bet on higher prices locked in profits after Wednesday's rally, while gasoline futures hit a three-week high on expectations of rising demand, Fox Business reported.

 

Light, sweet crude for July delivery settled down 33 cents, or 0.3%, at $103.74 a barrel on the New York Mercantile Exchange.

 

Brent crude on the ICE futures exchange fell 19 cents, or 0.2%, to $110.36 a barrel.

 

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