Global oil prices eased further in Asian trade Monday, for the ninth day in succession, amid concerns about the level of US demand and a stronger dollar.

Light sweet crude for January delivery was seen trading at $69.42 a
barrel at 11.30 a.m Singapore time after hitting as low as $68.59 a
barrel earlier.

On Friday, oil prices fell for the eighth straight session in New York.
Crude for January delivery fell 67 cents to settle at $69.87 a barrel
on the New York Mercantile Exchange.

It was the first time the front-month contract had closed below $70 a
barrel since October 7. Over the past eight sessions, it has fallen 11
per cent.

In London, Brent North Sea crude for January edged up two US cents to settle at $71.88 a barrel.

Oil dropped on concern that demand will be insufficient to keep prices rising after crude’s 55 percent gain this year.

Fuel deliveries in the U.S., the world’s biggest consumer, averaged
18.5 million barrels a day in the four weeks ended Dec. 4, 3 percent
less than a year earlier, US Energy Department reported last week.

Crude has also fallen as the dollar strengthened 2.4 percent against the euro so far this month.

Source: Commodity Online

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• Oil edges above 71 dollars in Asian trade

    World oil prices edged above $71 a barrel in Asian trade Thursday as recent slide in prices prompted traders to invest more in black gold. Light sweet crude for delivery in January was seen trading at $71.08 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.81

• Oil remains above 73 U.S. dollars in Asian trade

    Global oil prices remained steady above $73 a barrel in Asian trade Monday on hopes of increase in energy demand. Light sweet crude for January delivery was seen trading at $73.35 a barrel at 11.00 a.m Singapore time while Brent crude was at $ 74.10 a barrel at the same

• Oil hovers above 77 U.S. dollars in Asian trade

    Global oil prices remained above $77 a barrel in Asian trade Tuesday mainly on weak dollar amid speculation credit losses in Dubai won’t derail the global economic recovery.

• Oil below $ 80 easier in Asian trade

    World oil prices remained below $80 a barrel mark for the third day in succession on Monday mainly on profit taking by investors. Light sweet crude for December delivery was seen trading at $79.77 a barrel t 12.00 noon Singapore time while Brent crude was at $78.41 a barrel at

• Oil back above $ 74 in Asian trade

    Global oil prices reversed trends and edged above $74 a barrel in Asian trade Tuesday mainly on dollar weakness. Light sweet crude for January delivery was seen trading at $ 74.41a barrel at 12.00 noon Singapore time while Brent crude was at 76.68 a barrel at the same trime. The

• Oil stays below 78 dollars in Asian trade

    World oil prices remained below $78 a barrel in Asian trade Tuesday ahead of a crucial US Energy department data. Light sweet crude for January delivery was seen trading at $77.52 a barrel at 12.00 noon Singapore time while Brent crude was at $77.55 a barrel at the same time.

• Oil edges up to about $ 78 in Asian trade

    Global oil prices advanced above $78 a barrel in Asian trade Monday after edged down last week on strengthening dollar and concerns over sustainable economic recovery.

• Oil edges past $ 74 in Asian trade

    Global oil prices edged higher in Asian trade Friday ahead of a crucial US GDP data scheduled for later Friday. Light sweet crude for March Delivery was seen trading at $74.02 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.56 a barrel at the same time.

• Oil will remain stable in Asian trade

    Global oil prices remained steady in Asian trade Wednesday after advanced above $78 a barrel overnight. Light sweet crude for January delivery was seen trading at $78.31 a barrel at 11.00 a.m Singapore time while Brent crude was at $79.41 a barrel at the same time

• Oil stays below 73 dollars in Asian trade

    Global oil prices remained below $73 a barrel in Asian trade Monday mainly on concerns about dipping energy demand. Light sweet crude for delivery in March delivery was seen trading at $72.79 a barrel at11.00 a.m Singapore time while Brent crude was at $71.44 a barrel at the same time.

• Iran says oil prices expected to rise by Jan

     Iran’s OPEC governor said crude prices were expected to reach $80 a barrel by January, the oil ministry website, SHANA, reported on Sunday. “Because of encouraging developments in the oil market, the oil prices will reach $80 per barrel by the end of this year,” Mohammad Ali Khatibi said. Khatibi’s

• Oil will remain behind the Asian trade

    Global oil prices remained steady in Asian trade Tuesday after an overnight slump due to rebounding dollar. Light sweet crude for December delivery was seen trading at $ 78.77 a barrel at 11.30 a.m Singapore time while Brent crude was at $77.34 a barrel at the same time.

• Oil dips below $ 77 as a growing U.S. inventories

    Global oil prices remained below $77 a barrel in Asian trade Thursday mainly on reports of increase in US stockpiles while fuel demand dropped. Light sweet crude for January delivery was seen trading at $ 76.94 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 78.41

• Oil makes less than 83 dollars in Asian trade

    Global oil prices eased below $83 a barrel in early Asian trade Thursday after an overnight surge.

• Oil dips below 76 U.S. dollars in Asian trade

    Global oil prices dropped below $76 a barrel in Asian trade Friday mainly on a US report showed dipping fuel demand. Light sweet crude for January delivery was seen trading at $75.92 a barrel at 11.30 a.m Singapore time while Brent crude was at $77.81 a barrel at the same