Monday, 7 September 2015

Oil prices down in Asian trade

Oil prices eased in Asian trade on Monday as dealers await the US Federal Reserve's decision on whether to raise interest rate following a mixed August jobs report, analysts said. US benchmark West Texas Intermediate for October delivery fell 35 cents to USD 45.70 while Brent crude for October eased 38 cents to USD 49.23 in mid-morning trade. 
The US Labor Department said Friday the economy added 173,000 jobs in August, fewer than estimated. 
However, the previous two months' job gains were revised upward, pushing the unemployment rate down more than expected to 5.1 percent, its lowest level since April 2008.

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