DEC 5 FRIDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 2205 , S2 RS 2165 , S3 RS 2120
R1 RS 2310 , R2 RS 2368 , R3 RS 2415
Oil falls more than 6 % to its weakest in four years
on weak economic data.
Crude oil for January delivery was at $44.02 a barrel, up
35 cents, at 1:03 p.m. Singapore time on the New York
Mercantile Exchange. Yesterday, futures tumbled $3.12,
or 6.7 percent, to $43.67 a barrel, the lowest settlement
price since Jan. 5, 2005.
Oil prices have fallen 70 percent since reaching a record
$147.27 on July 11. Crude's weekly drop is the largest
since a 24 percent decline during the week ending March
21, 2003.
Brent crude oil for January settlement was at $42.60 a barrel,
up 32 cents, on London's ICE Futures Europe exchange at
1:04 p.m. Singapore time. The contract yesterday fell $3.16,
or 7 percent, to $42.28, the lowest settlement since Jan. 5,
2005.
No comments:
Post a Comment