Oil prices moved down in the Asian trading session. The flood of U.S. oil inventories helped weigh on the development of macro-economic outlook in the country with the world's biggest economy, obviously trader based in Singapore.
Release employment data on Friday (08/03) shows the number of workers increased 236 000 in February, compared with economists' expectations of 160,000. Another factor that allegedly helped depress prices is China economic data releases on the weekend that showed declining retail sales and industrial output, obviously trader.
Nymex crude oil futures to trade in a range of $ 90 - $ 93/barrel in the coming sessions. April Nymex crude oil futures contract fell 22 cents to $ 91.73/barrel. Brent crude fell 38 cents to $ 110.47/barrel.
Release employment data on Friday (08/03) shows the number of workers increased 236 000 in February, compared with economists' expectations of 160,000. Another factor that allegedly helped depress prices is China economic data releases on the weekend that showed declining retail sales and industrial output, obviously trader.
Nymex crude oil futures to trade in a range of $ 90 - $ 93/barrel in the coming sessions. April Nymex crude oil futures contract fell 22 cents to $ 91.73/barrel. Brent crude fell 38 cents to $ 110.47/barrel.
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