Oil price gain tempered by China growth slowdown

Bareksa • 17 Apr 2014

an image
Worker prepares to extract oil from olive paste (REUTERS)

Brent crude, used to set prices for international varieties of crude, was up 3 cents at $109.39 a barrel

The Jakarta Post - The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower Chinese growth tempered gains.

Benchmark U.S. crude for May delivery was up 16 cents at $103.91 a barrel at 0835 GMT in electronic trading on the New York Mercantile Exchange. It closed Tuesday at $103.75, down 30 cents.

Brent crude, used to set prices for international varieties of crude, was up 3 cents at $109.39 a barrel.

Read more...