Oil trading at $72 per barrel in Asian trade

Oil trading at $72 per barrel in Asian trade
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Summary

On the last trading day of the week crude oil was seen at level of $ 72 per barrel.During trading in Singapore, London Brent North crude delivery contract for March decreased by $1.75 and traded at $72. New York light sweet crude contracts was trading at $74.33 after a decrease of $1.54Reduced demand from US and China were the reasons for bringing the prices down.