Oil down in Asian trade
Oil prices were down in Asian trade today, with investors still worried over the debt crisis in the eurozone and the weak US economy.
New York's main contract, light sweet crude for delivery in October, was down USD 1.12 to USD 8684 a barrel in morning trade and Brent North Sea crude for November slipped 81 cents to USD 111.41 a barrel.
Last week, eurozone finance ministers meeting in Poland, decided to delay until October a decision on eight billion euros (USD 11 billion) of bailout loans blocked until Greece persuades auditors it is on track to cut its deficit.
US Treasury Secretary Timothy Geithner, who also attended the meeting, and his German counterpart Wolfgang Schaeuble also disagreed over Europe's handling of for more details....
New York's main contract, light sweet crude for delivery in October, was down USD 1.12 to USD 8684 a barrel in morning trade and Brent North Sea crude for November slipped 81 cents to USD 111.41 a barrel.
Last week, eurozone finance ministers meeting in Poland, decided to delay until October a decision on eight billion euros (USD 11 billion) of bailout loans blocked until Greece persuades auditors it is on track to cut its deficit.
US Treasury Secretary Timothy Geithner, who also attended the meeting, and his German counterpart Wolfgang Schaeuble also disagreed over Europe's handling of for more details....
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