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30/05/2012 08:25 AST
Oil prices fell to near $90 a barrel Wednesday in Asia amid expectations Europe's sputtering economy will drag on global crude demand.
Benchmark oil for July delivery was down 38 cents to $90.38 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 10 cents to settle at $90.76 in New York on Tuesday.
Brent crude for July delivery was down 31 cents at $106.37 per barrel in London.
Crude has plunged 15 percent from four weeks ago on investor fears that political turmoil in Greece could trigger a chaotic exit of that country from the euro common currency.
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The Economic Times
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 63.11 | 0.43 | 0.69 |
| WTI | 58.61 | 0.14 | 0.24 |
| OPEC Basket | 63.42 | -1.7 | -2.61 |
17/11/2025
Oil prices settled more than 2% higher on Friday as Russia's port of Novorossiisk halted oil exports following a Ukrainian drone attack that hit an oil depot in the Russian energy hub, stoking supply
Gulf Times
11/11/2025
Oil prices stabilized on Monday as investors assessed the likelihood of a near-term end to the US government shutdown, amid concerns about oversupply.
Brent crude futures rose 11 cents, or 0
QNA
07/11/2025
Iraq's state-owned oil company SOMO has offered more than 6 million metric tons of high-sulphur fuel oil (HSFO) between January and June 2026 in three tenders of varying volumes, according to market
Asharq Al Awsat
05/11/2025
Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months.
West Texas Intermediate held above $60, while Brent settled a
Bloomberg
04/11/2025
The eight OPEC+ countries that previously announced additional voluntary adjustments in April and November 2023 - namely Saudi Arabia, Russia, Iraq, the UAE, as well as Kuwait, Kazakhstan, Algeria, a
Arab News
Financial Information Co.
Saudi Arabia