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Headlines
- PPPP wins another KP seat after re-polling
- No CNG for over 1000 CC vehicles
- Umrani quits as PPP Balochistan president
- China seriously considers trade imbalance with Pakistan: Li
- Balochistan Levies foil terror attempt in Pishin
- PTI renews demand for recounting in 25 NA constituencies
- Chinese workers escape bomb blast in Karachi
- Six JF-7s to escort Chinese Premier’s aircraft
- 55 per cent turnout in May 11 elections: ECP
- DSP killed as bank robbery attempt foiled
- Balochistan lawyers protest ex-AG kidnapping
- President Zardari phones Imran Khan
- IPL spot-fixing: Indian actor Vindu Dara Singh arrested
- Karachi Police arrested 39, recover arms
- Imran to leave hospital tomorrow, says Shireen Mazari
Home » Business News » Oil falls to $91.28 a barrel
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Oil falls to $91.28 a barrel . |
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Oil falls to $91.28 a barrel
SINGAPORE: Oil prices were down in Asia Monday with traders taking profits from a rally last week as they awaited the release of Chinese trade data later in the week, analysts said.
New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in September, fell 12 cents to $91.28 a barrel and Brent North Sea crude for September delivery shed 34 cents to $108.60.
Crude prices were weaker "after rallying on a stronger-than-expected US jobs report, while the market awaited Chinese trade data due later this week for trading cues," Phillip Futures said in a report.
A crude rally on Friday saw prices on the WTI jumping more than four dollars to pass $91 a barrel, while Brent rose more than three dollars to within striking distance of $109.
The ebullient show was largely due to official data released Friday showing the economy of the US -- the world's largest oil consumer -- creating 163,000 jobs in July, beating forecasts for a gain of 100,000, analysts said.
On traders' watchlist for this week is the release of a slew of economic data from China which will provide an update on the economic health of the world's largest energy consumer and its corresponding energy demand.
China's June trade data released last month showed demand for imports falling more sharply than expected, leading to a widening of the trade surplus and stoking concerns about an economic slowdown.
China is set to release its July trade figures this Friday. -- Agencies
updated 9 months, 18 days ago
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Umrani quits as PPP Balochistan president
QUETTA: The chief of Pakistan People's Party Balochistan Chapter .
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China seriously considers trade imbalance
ISLAMABAD: Chinese Premier Li Kiqiang has said that China takes .
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Balochistan Levies foil terror attempt
QUETTA: Balochistan Levies foiled a big terrorism attempt in .
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Chinese workers escape bomb blast in
KARACHI: A roadside bomb exploded near the seafront in Karachi .
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Six JF-7s to escort Chinese Premier’s
ISLAMABAD: Six JF-17 Thunder fighters of Pakistan Air Force, .
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55 per cent turnout in May 11 elections:
ISLAMBAD: Election Commission of Pakistan (ECP) has claimed that .
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DSP killed as bank robbery attempt foiled
CHINIOT: The police Tuesday foiled a bank robbery attempt by .
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Balochistan lawyers protest ex-AG kidnapping
QUETTA: Lawyers in Balochistan Tuesday boycotted court proceedings .
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