Oil Slips Below $75

Monday, February 15, 2010

Oil eased below $75 a barrel on Friday, pressured by a firmer US dollar on growing disappointment among investors over the lack of details from the European Union summit to help debt-laden Greece.

European leaders sought to prop up Greece with words of support at a summit on Thursday, but failed to offer concrete proposals to help the country tackle its debt crisis, prompting a negative market reaction.

US crude for March delivery fell 38 cents to $74,90 a barrel by 0314 GMT, after settling 76 cents cents higher at $75,28 a barrel on Thursday. London Brent crude for the new front month of April sank shed 36 cents to $73,76.

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Oil Slips Below $75

Oil eased below $75 a barrel on Friday, pressured by a firmer US dollar on growing disappointment among investors over the lack of details from the European Union summit to help debt-laden Greece.

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