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Oil down on profit taking

Agence France-PresseMay 7, 2013 02:00

Oil prices eased in Asia on Tuesday with dealers taking profits after a rally on robust US jobs data and rising tensions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in June dropped 60 cents to $95.56 a barrel in the afternoon and Brent North Sea crude for June delivery shed 40 cents to $105.06. "People are squaring up on what has been a fairly good rally," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP.

Oil down on profit taking

Agence France-PresseMay 6, 2013 23:30

Oil prices eased in Asia on Tuesday with dealers taking profits after a rally on robust US jobs data and rising tensions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in June dropped 57 cents to $95.59 a barrel and Brent North Sea crude for June delivery shed 39 cents to $105.07. "People are squaring up on what has been a fairly good rally," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP.

Oil prices rise after Israeli air strikes on Syria

Agence France-PresseMay 6, 2013 18:31

Oil prices climbed Monday after Israeli air strikes in Syria raised fresh concerns about rising tensions in the oil-rich Middle East. The main US futures contract, West Texas Intermediate crude for delivery in June, closed at $96.16 a barrel on the New York Mercantile Exchange, up 55 cents from Friday's closing level. The European benchmark, Brent North Sea crude for June delivery, soared $2.61 from Friday to settle at $105.46 on the Intercontinental Exchange in London.

Oil falls below $96 as fears over Syria ease

The Canadian PressMay 6, 2013 06:15

BANGKOK - The price of oil edged lower Tuesday as fears eased of Israeli involvement in Syria's civil war. The benchmark oil contract for June delivery was down 77 cents to US$95.39 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 55 cents to close at $96.16 per barrel on Monday after news of an Israeli military strike in Syria raised concerns of an expanded conflict in the oil-rich Middle East. The price fell back below $95 before rising again late in the day.

Oil higher in Asia after robust US jobs report

Agence France-PresseMay 6, 2013 02:01

Oil was up in Asian trade Monday after an upbeat US jobs report bolstered confidence the US economic recovery is on track. US stocks surged to record highs following the report, with the buoyant mood also lifting the oil markets because a strong US economy -- the biggest in the world -- will mean greater demand for crude and other energy products. New York's main contract, light sweet crude for delivery in June added 84 cents to $96.45 a barrel in the afternoon and Brent North Sea crude for June delivery increased 56 cents to $104.75.

Oil rises above $96 as strong U.S. jobs data point to high demand

The Canadian PressMay 6, 2013 02:00

BANGKOK - Oil prices rose sharply again Monday as euphoria over a U.S. jobs report continued to push prices higher. Benchmark oil for June delivery was up 87 cents to $96.48 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract jumped $1.62 to finish at $95.61 on Friday after U.S. employers added a surprisingly solid 165,000 jobs in April. That drove down the unemployment rate to a four-year low of 7.5 per cent and suggested the U.S. economic recovery may be gathering pace.

Oil higher in Asia after robust US jobs report

Agence France-PresseMay 6, 2013 00:15

Oil was up in Asian trade Monday after an upbeat US jobs report bolstered confidence the US economic recovery is on track. US stocks surged to record highs following the report, with the buoyant mood also lifting the oil markets because a strong US economy -- the biggest in the world -- will mean greater demand for crude and other energy products. New York's main contract, light sweet crude for delivery in June added 91 cents to $96.52 a barrel in mid-morning Asian trade and Brent North Sea crude for June delivery increased 67 cents to $104.86.

Oil price above $95 a barrel as strong US jobs report points to rising demand

The Canadian PressMay 3, 2013 06:15

NEW YORK, N.Y. - The price of oil climbed again Friday as a better-than-expected U.S. jobs report pointed to growth and a rising demand for energy this year. Benchmark West Texas Intermediate crude for June delivery was up $1.61 at US$95.60 a barrel in late morning trading on the New York Mercantile Exchange.

Oil takes breather in Asia after strong rally

Agence France-PresseMay 3, 2013 01:45

Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates. New York's main contract, light sweet crude for delivery in June, dropped 30 cents to $93.69 a barrel and Brent North Sea crude for June delivery shed 25 cents to $102.60 in afternoon trade. Prices surged nearly $3.0 in closing deals Thursday after the ECB slashed interest rates to a record low of 0.50 percent, with upbeat US economic data also boosting sentiment.

Oil prices recover on US jobless data

Agence France-PresseMay 2, 2013 19:31

Oil prices rebounded slightly Thursday on positive US jobs data and from sharp falls in previous days amid weaker global demand for crude. Brent North Sea crude for delivery in June jumped $1.06 to $101.01 a barrel in late London trading. New York's main contract, light sweet crude for June grew 82 cents to $91.85 a barrel.