The Traderszone Network

Published in TZ Latest News 21 January, 2016 by The TZ Newswire Staff

U.S. crude prices stabilize after jumping from 2003 lows

U.S. crude oil prices were stable in early Asian trading on Friday after bouncing away from 12-year lows the previous day as rallying financial markets gave some traders reason to cash in on record short positions. Front-month West Texas Intermediate (WTI) crude futures (CLc1) were trading at $29.82 per barrel at 0056 GMT (1956 EDT), up 29 cents from their last settlement and over $3.50 above 2003 lows reached earlier this week.

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