Oil slips from 18-month high

Wednesday, April 07, 2010

Oil fell as the dollar firmed on Tuesday, yesterday sliding from an 18-month high near $87 reached a day earlier on data showing US economic growth was accelerating.

The US services sector grew at its swiftest in nearly four years in March and future home sales rose unexpectedly in February, statistics showed on Monday, bolstering hopes for a sustainable economic recovery and job growth.

US crude for May delivery slid 24 cents to $86,38 by 0505 GMT, off Monday's high of $86,90 a barrel, the highest intraday figure struck since October 2008. ICE Brent declined 28 cents to $85,60 yesterday.

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Oil slips from 18-month high

Oil fell as the dollar firmed on Tuesday, yesterday sliding from an 18-month high near $87 reached a day earlier on data showing US economic growth was accelerating.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply