|
SINGAPORE (AP) - Oil prices fell Wednesday as traders anticipated a decline in fuel demand after forecasts of warmer-than-average weather in the United States.
Light, sweet crude for April delivery lost 25 cents to $58.60 a barrel in Asian electronic trading on the New York Mercantile Exchange midmorning in Singapore. The session was quiet, with some Asian traders still away for the Lunar New Year holidays.
The Nymex March crude contract, which expired Tuesday, fell $1.32 to settle at $58.07 a barrel.
|