Oil prices fall in Asia

Oil prices fall in Asia

TOKYO (Dow Jones): The average pricing standard of the Tokyo Commodity Exchange Asian Petroleum Index, or Tapix, fell Friday 12 cents a barrel from Thursday to $23.79 per barrel, according to Tocom, Japan's largest commodity futures exchange.

Tapix Light & Sweet was at $24.49 per barrel Friday, down 41 cents from Thursday, while Light & Sour was $23.35 per barrel, up 8 cents.

Heavy & Sweet for Friday was $24.18 per barrel, down 29 cents, and Heavy & Sour was $23.04 per barrel, up 20 cents from Thursday.

Tapix is publicized as five dollar-denominated pricing standards defined by sulfur content and API gravity, comprising Average (API 35 and 1 percent sulfur), Light & Sweet (API 40 and 0.1 percent sulfur), Light & Sour (API 40 and 2 percent sulfur), Heavy & Sweet (API 30 and 0.1 percent sulfur) and Heavy & Sour (API 30 and 2 percent sulfur).