Oil takes breather in Asia after strong rally

SINGAPORE: Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.New York's main...

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AFP

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May 03, 2013

Oil takes breather in Asia after strong rally

SINGAPORE: Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.

New York's main contract, light sweet crude for delivery in June, dropped 17 cents to $93.82 a barrel and Brent North Sea crude for June delivery shed 16 cents to $102.69.

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