oil barrels and stairs pallet 300x168 Oil Falls Through $106 A Barrel in Asia Trade

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By Sunil Kumar

Crude for June delivery lost 24 cents, or 0.2%, to $105.92 a barrel on the New York Mercantile Exchange during Asian trading hours.

The losses followed a 1.2% gain made in the North American trading session Tuesday, after an optimistic U.S. manufacturing report buoyed investor confidence in the economic recovery.

Analysts polled by sources expect crude inventories to rise 2.5 million barrels, gasoline stockpiles down 1 million barrels, and inventories of distillates down 400,000 barrels.

 

300px New York Mercantile Exchange Oil Falls Through $106 A Barrel in Asia Trade

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 Oil Falls Through $106 A Barrel in Asia Trade
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