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Oil prices recover on US jobless data

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.

Oil prices rebound on bargain hunting

Oil prices rebounded Thursday on bargain hunting following sharp falls the previous day, but analysts said markets would continue to be weighed down by signs of weaker demand for crude. Brent North Sea crude for delivery in June rose 75 cents to $100.70 a barrel approaching midday in London. New York's main contract, light sweet crude for June was up 37 cents to $91.40 a barrel. Both contracts had closed down by more than $2.40 Wednesday on fresh signs of economic weakness in the United States and China -- the world's largest crude consumers.

Oil falls ahead of U.S. monthly report on employment

BANGKOK - The price of crude oil fell slightly Friday, a day after posting its biggest jump since late last year, as traders awaited the release of a closely watched U.S. employment report. Benchmark crude for June delivery was down 26 cents to US$93.73 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

Oil falls to near $93 ahead of U.S. first-quarter growth figures

BANGKOK - The price of oil fell to near US$93 a barrel Friday ahead of quarterly growth figures from the world's biggest economy. Benchmark oil for June delivery was down 62 cents to $93.02 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $2.21 to close at $93.64 on Thursday after the U.S. Labor Department said the number of Americans seeking unemployment benefits fell last week by 16,000, suggesting that layoffs have declined.

Oil prices mixed amid US demand concerns

World oil prices diverged on Monday in a mixed start to the week, as some traders took profits and eyed ongoing worries over the strength of US energy demand, analysts said. Brent North Sea crude for delivery in June dropped six cents to $103.10 per barrel in early afternoon deals in London. New York's main contract, light sweet crude for June, added 35 cents to $93.35 per barrel. "Following last week's gains, market players are clearly choosing to take profits while they can," said Commerzbank analyst Carsten Fritsch.

Oil prices down in Asia on weak US data

Oil prices fell in Asia on Monday as weak economic data from the United States sparked concerns over softer demand for crude, analysts said. New York's main contract, light sweet crude for delivery in June was down 29 cents to $92.71 a barrel and Brent North Sea crude for June delivery shed 46 cents to $102.70 in afternoon trade. "The weak (US) GDP data questions business conditions in the market, signalling that inventories may rise as demand softens," said Desmond Chua, market analyst at CMC Markets in Singapore.

Oil prices retreat on profit-taking

World oil prices fell on Friday as traders cashed in recent gains following signs of strengthening US energy demand and geopolitical concerns over Syria, analysts said. Brent North Sea crude for delivery in June dropped 60 cents to $102.81 a barrel in London midday deals. New York's main contract, light sweet crude for June, shed 66 cents to $92.98 per barrel. "There has been a slight pullback in prices on profit taking," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.

Oil prices down in Asia on profit-taking

Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening US energy demand and concerns over Syria, analysts said. New York's main contract, light sweet crude for delivery in June dropped 62 cents to $93.02 a barrel in the afternoon Brent North Sea crude for June delivery shed 53 cents to $102.88. "There has been a slight pullback in prices on profit taking," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.

Oil down in Asia on profit-taking

Oil prices eased in Asia on Friday as traders cashed in on recent gains following signs of strengthening US energy demand and concerns over tensions in Syria, analysts said. New York's main contract, light sweet crude for delivery in June dropped 21 cents to $93.43 a barrel and Brent North Sea crude for June delivery shed 38 cents to $103.03 in morning trade. "There has been a slight pullback in prices on profit taking," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.

Oil prices edge higher

World oil prices rose slightly on Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said. Brent North Sea crude for delivery in June added two cents to $101.75 a barrel in London early afternoon deals. New York's main contract, light sweet crude for June, gained ten cents to $91.53 per barrel.
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