AFP, Singapore :
Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.
New York’s main contract, West Texas Intermediate (WTI) for April delivery, eased 42 cents to $101.98 in afternoon trade, while Brent North Sea crude for April slid 19 cents to $108.77.
WTI fell 19 cents while Brent slid 56 cents in closing deals Thursday. US data Thursday showed first-time claims for unemployment insurance benefits, a sign of the pace of layoffs, rose last week, well above analysts’ average estimate.
New orders for manufactured durable goods also slipped 1.0 percent in January, extending December’s 5.3 percent tumble, the US Commerce Department said.
US Federal Reserve chief Janet Yellen told the Senate Banking Committee that policymakers thought severe weather across much of the country was to blame for a disappointing run of economic data over the past two months.
Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.
New York’s main contract, West Texas Intermediate (WTI) for April delivery, eased 42 cents to $101.98 in afternoon trade, while Brent North Sea crude for April slid 19 cents to $108.77.
WTI fell 19 cents while Brent slid 56 cents in closing deals Thursday. US data Thursday showed first-time claims for unemployment insurance benefits, a sign of the pace of layoffs, rose last week, well above analysts’ average estimate.
New orders for manufactured durable goods also slipped 1.0 percent in January, extending December’s 5.3 percent tumble, the US Commerce Department said.
US Federal Reserve chief Janet Yellen told the Senate Banking Committee that policymakers thought severe weather across much of the country was to blame for a disappointing run of economic data over the past two months.
