USD 64.2237

0

EUR 70.7296

0

BRENT 59.95

-0.71

AI-92 42.1

-0.01

AI-95 45.88

-0.01

AI-98 51.85

+0.01

Diesel 45.94

+0.03

18

Oil Prices Eased Despite Nigeria's Strike

Oil prices edged lower in Asian trade Friday

Oil prices edged lower in Asian trade Friday as players assessed whether a strike in key African crude oil producer Nigeria would affect supplies, dealers said.

At 11:05 am, New York's main oil futures contract, light sweet crude for delivery in August, was down eight cents at $68.57 per barrel from $68.65 in late US trades.

Brent North Sea crude for August was down one cent at $70.21.

"The oil markets were keeping a watchful eye on Nigeria, to attempt to assess what, if any, impact the general strike will have on oil supplies," the Commonwealth Bank of Australia said in a commentary.