SINGAPORE, (AFP) – Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russias ruble crisis and await the latest US crude supply report, analysts said.US benchmark West Texas Intermediate for January delivery sank $1.16 in mid-morning trade to $54.77 while Brent crude for February fell 82 cents to $59.19 on the contracts first day of trading.Brent for January finished down $1.20 at $59.86 in London, after slipping below the psychological $60 for the first time since July 2009.Oil investors are closely watching the situation in crude producer Russia after the ruble on Tuesday crashed …read more
Source: Dunya TV
