| GEO Business | | Oil lower in Asia | Updated at: 1327 PST, Friday, December 04, 2009
SINGAPORE: Oil was lower in Asian trade Friday as investors fretted about energy demand in the US, the world's largest oil user, analysts said.
New York's main contract, light sweet crude for January delivery fell 63 cents to 75.83 dollars a barrel. Brent North Sea crude for January delivery was off 44 cents to 77.92 dollars a barrel.
This week's US Department of Energy (DoE) report of a rise in oil stocks has renewed fears over weak American demand for oil as the country struggles to mount a strong recovery from a deep recession, analysts said.
|  |
|
