Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Crude prices mixed in Asia

30 May 2014, 07:01

Singapore - Oil prices were mixed in Asia Friday as traders took a breather after recent gains, but signs of stronger US gasoline demand and escalating tensions in Ukraine provided support.

US benchmark, West Texas Intermediate (WTI) for delivery in July, was down 21 cents to $103.37 a barrel after rallying 86c in Yew York Thursday.

Brent North Sea crude for July gained 4c to $110.01 a barrel in mid-morning trade.

The US Department of Energy's weekly oil report Thursday showed overall US inventories rising, but gasoline supplies falling in the week ended May 23.

Desmond Chua, market analyst at CMC Markets in Singapore, told AFP the decline in gasoline supplies suggested robust petrol demand going into the US summer driving season when Americans take to the roads for their holidays.

Traders are also tracking the escalating fighting between government troops and separatist rebels in Ukraine, a major pipeline conduit for Russia's natural gas exports to Europe.

In one of the biggest setbacks in Kiev's seven-week campaign against insurgents, 12 Ukrainian troops including an army general were killed Thursday when their helicopter was shot down.

The West has accused Russia of fomenting unrest in its neighbour since the ousting of pro-Kremlin president Viktor Yanukovych in February. Moscow denies the allegation.

Investors fear a full-blown conflict in the ex-Soviet state will disrupt supplies and send energy prices soaring.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...