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Oil down in Asian trade

Agence France-PresseMay 22, 2013 00:00

Oil was down in Asia on Wednesday as traders waited for the release of the latest energy inventory report from the United States, analysts said. Weak demand and surging crude stockpiles in the world's biggest economy have put downward pressure on prices and limited gains. New York's main contract, West Texas Intermediate light sweet crude for delivery in July, dropped 48 cents to $95.70 a barrel in the afternoon and Brent North Sea crude for July delivery shed 34 cents to $103.57.

Oil prices lower in Asian trade

Agence France-PresseMay 20, 2013 05:15

Oil prices were down in Asian trade Monday as investors locked in profits from last week's gains after US stocks blazed to new record levels. The US benchmark contract, West Texas Intermediate for June delivery, was down five cents to $95.97 a barrel and Brent North Sea crude for delivery in July dropped three cents to $104.61. Prices had surged last week after a better-than-expected reading on US consumer confidence boosted hopes for stronger energy demand in the world's biggest economy and sent US stocks soaring to new record highs Friday.

Oil down in Asia as poor US economic data weigh

Agence France-PresseMay 17, 2013 01:45

Oil prices eased in Asia on Friday as poor housing and employment data from the United States sparked concerns of weaker crude demand in the world's biggest economy, analysts said. New York's main contract, light sweet crude for delivery in June, dropped 25 cents to $94.91 a barrel in the afternoon and Brent North Sea crude for July delivery shed 27 cents to $103.51. "The market has taken fright at those worse-than-expected numbers," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP.

Oil down in Asia on US stockpiles gain, stronger dollar

Agence France-PresseMay 13, 2013 16:10

Crude prices were lower in Asian trade Friday on a rise in US stockpiles, with the strong dollar also putting pressure on prices, analysts said. New York's main contract, light sweet crude for delivery in June shed 49 cents to $95.90 a barrel and Brent North Sea crude for June delivery was down 41 cents to $104.06 in the afternoon. "The main downside factor on prices right now is the huge oversupply in the United States," Kelly Teoh, market strategist at IG Markets in Singapore, told AFP.

Oil down in Asia on US stockpiles gain, stronger dollar

Agence France-PresseMay 10, 2013 12:29

Crude prices were lower in Asian trade Friday on a rise in US stockpiles, with the strong dollar also putting pressure on prices, analysts said. New York's main contract, light sweet crude for delivery in June shed 24 cents to $96.15 a barrel and Brent North Sea crude for June delivery was down 20 cents to $104.27 in morning trade. "The main downside factor on prices right now is the huge oversupply in the United States," Kelly Teoh, market strategist at IG Markets in Singapore, told AFP.

Oil falls below $96 per barrel as dollar rises

The Canadian PressMay 9, 2013 17:45

BANGKOK - The price of oil fell below US$96 per barrel Friday after signs of improvement in U.S. employment sparked speculation that the Federal Reserve might scale back its aggressive monetary policy. Benchmark crude for June delivery was down 53 cents to $95.86 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contact lost 23 cents to finish at $96.39 a barrel on the Nymex on Thursday.

Asian stocks supported by Fed reassurance; BOJ stands pat

Thomson ReutersMay 7, 2013 12:55

By Masayuki Kitano and Vidya Ranganathan SINGAPORE (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month. European stocks are expected to inch lower with markets taking a breather from a month-long rally before U.S. Federal Reserve Chairman Ben Bernanke's testimony to Congress.

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.