Oil prices were mixed in Asian trade on Wednesday as forecasts of a spike in US crude stockpiles were offset by geopolitical concerns in the Red Sea, analysts said.
New York`s main contract, light sweet crude for delivery in October, fell 38 cents to USD 88.52 a barrel.
Brent North Sea crude for October delivery gained eight cents to 114.10 USD.
Oil markets were being depressed by the American Petroleum Institute`s (API) prediction yesterday of a jump in crude stockpiles of the world`s largest oil consumer.
Learn How To Trade in MCX Commodity and Daily
New York`s main contract, light sweet crude for delivery in October, fell 38 cents to USD 88.52 a barrel.
Brent North Sea crude for October delivery gained eight cents to 114.10 USD.
Oil markets were being depressed by the American Petroleum Institute`s (API) prediction yesterday of a jump in crude stockpiles of the world`s largest oil consumer.
Learn How To Trade in MCX Commodity and Daily
