Oil prices down in Asian trade

Oil prices were down in Asian trade Tuesday on concerns over a slowdown in China's economy, with the strong US dollar also putting pressure on prices, analysts said.

New York's main contract, light sweet crude for delivery in April fell 22 cents to $91.84 a barrel in afternoon trade and Brent North Sea crude for April delivery was down 38 cents at $109.84.

Analysts said sentiment was dampened by concerns over data signalling a slowdown in China, the world's second biggest economy.

Chinese inflation hit a 10-month high in February while growth in industrial production and retail sales eased, according to official data released on Saturday.

"The data releases over the weekend suggest that China's economic rebound is faltering sooner than even we had expected," research house Capital Economics said in a report.

"Growth in industrial production and retail sales slowed in the first two months of the year... we continue to believe that growth is likely to slow later this year."

China is the world's biggest energy consuming nation.

The higher US dollar also helped push down prices as a stronger greenback makes dollar-priced oil more expensive.

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2642-0.00-0.08%
    USDSGD=X
    1.6353-0.00-0.07%
    EURSGD=X
    1.9123-0.00-0.07%
    GBPSGD=X
    80.0309-0.67-0.83%
    SGDJPY=X
    6.14100.00+0.00%
    SGDHKD=X
    2.4003-0.00-0.02%
    SGDMYR=X
    7,732.16550.42+0.01%
    SGDIDR=X
    4.8516-0.00-0.07%
    SGDCNY=X
    1.2201-0.00-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,385.50-6.30-0.45%
    GCM13.CMX
    22.32-0.19-0.84%
    SIN13.CMX
    100.58-1.27-1.24%
    ^XAU
    3.29-0.02-0.47%
    HGN13.CMX
    93.87-0.38-0.40%
    CLN13.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.89-0.01
    ^FVX
    2.01-0.01
    ^TNX
    3.17-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.925-0.26-11.70%
    C52.SI
    0.11-0.00-1.79%
    5RJ.SI
    0.196-0.00-0.51%
    I26.SI
    0.115-0.00-4.17%
    5HC.SI
    0.1350.01+3.85%
    5GC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.1520.02+13.43%
    N6H.SI
    0.5250.05+10.53%
    S48.SI
    0.230.02+9.52%
    543.SI
    0.1860.01+7.51%
    Z75.SI
    0.160.01+6.67%
    H20.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.102-0.03-24.44%
    O57.SI
    0.104-0.02-14.05%
    S71.SI
    0.149-0.02-11.83%
    A59.SI
    0.09-0.01-11.76%
    5HW.SI
    1.925-0.26-11.70%
    C52.SI