Updated on
Summary
A trend of decline in the crude oil prices is being witnessed in the Asian Trading after the bullish trend of two consecutive days. On Tuesday, the oil prices reached US$75 per barrel, highest in last 10 months. However the profit taking put negative impact on the market. The deals of New York Light Sweet Crude Oil were finalized in US$71.92 while deals of London Brent North Sea were made in US$71.41. The dealers are awaiting the statistics of the US Energy Department while experts believe that oil prices are likely to further go up after the improvement in the global economy.
