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26/12/2010 00:00 AST
Oil prices were mixed in quiet Christmas eve trade in Asia, coming off two-year highs buoyed by upbeat US consumer confidence figures, analysts said.
New York's main contract, light sweet crude for delivery in February, shed 13 cents to 91.38 dollars per barrel after hitting 91.63 dollars in intraday trade on Thursday, its highest level since October 2008.
Brent North Sea crude for February delivery advanced 18 cents to 94.43 dollars. Its price had soared to 94.54 dollars in intraday trade Thursday -- a level also last seen in early October 2008.
Crude prices were being supported "as confidence among US consumers advanced to six-month highs, signalling more fuel demand", the Commonwealth Bank of Australia said in a report.
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Channel News Asia
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 62.51 | -0.68 | -1.08 |
| WTI | 58 | -0.78 | -1.33 |
| OPEC Basket | 64.43 | -0.22 | -0.34 |
03/12/2025
OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more clos
Reuters
01/12/2025
Ministers of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) are expected to keep current output levels unchanged when they meet for online meetings on Sunday, analys
Khaleej Times
24/11/2025
At the heart of the US shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to Mark Waters, who owns a store that sells tools and safety equipment to oil firm
Reuters
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
Financial Information Co.
Saudi Arabia