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Oil prices rise on jobs report, low Libya output

Oil prices advanced Friday due to a solid US jobs report and continued doubt about the prospects for a full recovery of Libyan exports. US benchmark West Texas Intermediate for May delivery rose 85 cents to finish at $101.14 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for May delivery increased 57 cents to $106.72 a barrel in London.

Oil prices continue to rise ahead of US jobs report that is expected to show pickup in hiring

Oil prices climbed Friday ahead of a monthly U.S. jobs report that is expected to show a pickup in hiring. Benchmark U.S. crude for May delivery was up 67 cents to $100.96 a barrel at 0915 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 67 cents Thursday to close at $100.29.

Oil prices mixed in Asian trade

Oil prices were mixed in subdued Asian trade Friday as dealers stood on the sidelines bracing for the release of a key US jobs report, analysts said. New York's West Texas Intermediate for May delivery rose four cents to $100.33 a barrel in mid-morning trade while Brent North Sea crude for May was down two cents at $106.13. The US non-farm payrolls data to be released later Friday is expected to show the US economy added 195,000 jobs in March, up from 175,000 in February, and the unemployment rate ticked down to 6.6 percent from 6.7 percent.

Oil price down despite China mini stimulus, US supply drop

LONDON - The price of oil drifted lower Thursday even after China introduced measures to underpin growth and U.S. crude inventories unexpectedly declined. Benchmark U.S. crude for May delivery was down 53 cents to $99.09 a barrel at 0900 GMT in electronic trading on the New York Mercantile Exchange. The contract shed 12 cents to close at $99.62 on Wednesday. Brent crude, used to set prices for international varieties of oil, was down 13 cents to $104.66 a barrel on the ICE exchange in London.

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supply after a months-long disruption in exports, analysts said. New York's West Texas Intermediate for May delivery eased 21 cents to $99.41 a barrel in mid-morning trade and Brent North Sea crude for May was up 12 cents at $104.91. "There is some downward pressure from the Libyan side," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP.

Brent oil strikes five-month low

Brent oil prices hit a five-month low on Wednesday as traders tracked easing geopolitical jitters and set aside weekly inventories data in top global crude consumer the United States. Brent North Sea crude for May delivery fell as low as $103.95 in afternoon London deals. It later stood at $104.51 per barrel, down $1.11 from Tuesday. New York's West Texas Intermediate (WTI) for May dipped 22 cents to $99.52 a barrel. CMC Markets analyst Jasper Lawler said falling prices were "likely as a result of reduced geopolitical tensions" between Ukraine and Russia.

Oil market drops before US data

Global oil prices sank on Wednesday as traders awaited the key economic data and weekly crude inventories in top-consuming nation the United States, analysts said. New York's West Texas Intermediate (WTI) for delivery in May slid 56 cents to $99.18 a barrel. Brent North Sea crude for May shed $1.16 to stand at $104.46 a barrel in midday London deals. The US government's Energy Information Administration (EIA) will later publish its report on American crude stockpiles for the week to March 28.

Oil prices fall after strong gains

Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine. New York's West Texas Intermediate (WTI) for delivery in May fell 43 cents to $101.24 a barrel. Brent North Sea crude for May dipped 28 cents to stand at $107.79 a barrel in London afternoon deals. "We are seeing some easing because of some profit taking," Tan Chee Tat, an investment analyst at Phillip Futures, told AFP: WTI prices got a boost last week from data showing robust US consumer spending.

Oil steady above $101 a barrel as markets eye US-Russia talks, Chinese manufacturing report

The price of oil was little changed above $101 a barrel Monday as markets kept on eye on talks between the U.S. and Russia over the crisis in Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 20 cents to $101.47 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract rose 39 cents leaving it 2 per cent higher on the week, propelled by signs of stronger economic growth in the U.S. and global supply concerns.

National resource giants plot varied paths to global goal

By Josephine Mason and Jonathan Leff NEW YORK (Reuters) - In teaming up with Cargill to create the world's largest sugar trader last week, Brazil's Copersucar has joined a small but growing club of national resource champions steadily transforming the commodities landscape.
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