Dollar continues rally against Euro- could spell a shakedown of oil prices. Unless some new fundamentals emerge. This should be a dip.
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Crude oil prices slide in Asian trading on profit-taking
Monday March 28, 04:59 AM
SINGAPORE (AFX) - Crude oil prices weakened in Asian trade on profit-taking as investors' worries over the extent of damage from a blast at a US refinery eased, dealers said.
At 11.15 am (0315 GMT), New York's main contract, light sweet crude for delivery in May was down 38 cents at 54.46 usd a barrel from 54.84 in New York Thursday. The US market was closed Friday for Easter.
"Poor people tend to live in clusters"