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Asian oil price down due to US fuel supplies surge |
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News -
World News
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Wednesday, 23 September 2009 12:09 |
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Oil prices in Asian markets dropped considerably due to the fact that US fuel supplies were on an upward trend, said a report on Wednesday.
The price of Oil in Asian market dropped 2.6 percent yesterday after a report by American Petroleum Institute (API) showcasing an increase in the US gasoline supplies which reached its highest peak since last January. The weekly API report is expected to showcase information about the surge of fuel stockpiles in the US.
Kuna
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