Updated on
Summary
Decrease in oil prices in Asian Trading continues and the prices have reached the minimum prices of US$ 66 per barrel in the past two weeks. In Singapore the light sweet crude oil prices for September delivery fell at US$66.80 per barrel with a decrease of 71 cent. In London Bred North Sea the deals were done in US$70.96 per barrel with a decrease of 48 cent. Dealers said that the oil purchase had decreased following decrease in energy demand in US that resulted in prices fall.
