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  • Oil Futures Trade Lower After Tepid U.S. Data 0 comments
    Oct 30, 2013 7:29 AM

    Oil futures traded lower during the Asian session on Wednesday as traders digested the region another series of lackluster U.S. economic data.

    On the New York Mercantile Exchange, crude oil futures for December delivery fell 0.56 % to USD97.65 per barrel in Asian trading on Wednesday. The December contract settled 0.49 % to USD98.20 a barrel on Tuesday.

    In U.S. economic held on Tuesday, the Conference Board said its consumer confidence index fell to 71.2 in October from an upwardly revised 80.2 in September. Analysts had expected the index to fall to 75.0 this month.

    The Department of Commerce U.S. retail sales fell 0.1 % in September, while retail sales major, excluding transportation items and fuel, rose 0.4 %, both in line with expectations. Read More

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