Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Brent, U.S. crude drop $2, extend slide to third day
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Workers stand to wait for customers at a gas station in Tokyo March 15, 2012.
Credit: Reuters/Toru Hanai
NEW YORK |
NEW YORK (Reuters) - Brent and U.S. crude futures fell for a third straight day and extended losses to more than $2 Wednesday on expectations that Saudi Arabia is prepared to raise output and ahead of a U.S. government report on oil inventories expected to show stocks rose last week.
Brent November crude was down $1.85 at $110.18 a barrel at 9:28 a.m. EDT (1328 GMT), having traded from $109.62 to $112.98. U.S. October crude, set to expire on Thursday, was down $1.44 at $93.85, having traded from $93.22 to $96.17.
(This story corrected second paragraph to say U.S. October contract to expire on Thursday, not today)
(Reporting by Robert Gibbons; Editing by Gerald E. McCormick)
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