Saturday, 08 September 2012 04:44
Posted by Abdul Ahad
NEW YORK: Crude oil prices rose Friday after a weaker than expected US employment report fueled speculation that the Federal Reserve will launch new economic support.
The crude markets continued to benefit from the European Central Bank announcement Thursday of a bond-buying plan to support weak eurozone economies.
New York's main contract, light sweet crude for October, finished with a gain of 89 cents at $96.42 a barrel.
In London trade, Brent North Sea crude for delivery in October climbed 76 cents to $114.25 a barrel.
The much-awaited US government employment report Friday showed the United States added only 96,000 jobs in August and downward revisions to the two prior months.
"In light of the soft labor market figures, we now expect the Fed to ease next week by announcing a new asset purchase program and extending its low-rate guidance," Barclays analysts said.
Matt Smith at Summit Energy said that oil prices fell just after the ...
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NEW YORK: Crude oil prices rose Friday after a weaker than expected US employment report fueled speculation that the Federal Reserve will launch new economic support.
The crude markets continued to benefit from the European Central Bank announcement Thursday of a bond-buying plan to support weak eurozone economies.
New York's main contract, light sweet crude for October, finished with a gain of 89 cents at $96.42 a barrel.
In London trade, Brent North Sea crude for delivery in October climbed 76 cents to $114.25 a barrel.
The much-awaited US government employment report Friday showed the United States added only 96,000 jobs in August and downward revisions to the two prior months.
"In light of the soft labor market figures, we now expect the Fed to ease next week by announcing a new asset purchase program and extending its low-rate guidance," Barclays analysts said.
Matt Smith at Summit Energy said that oil prices fell just after the ...
CALGARY: Canadian spot natural gas prices fell on Friday on moderate forecasts for eastern markets and low weekend demand.
Spot gas at the AECO storage hub in southeastern Alberta dropped 17 Canadian cents to average C$1.97 a gigajoule. Deals were done between C$1.92 and C$2.03 a GJ.
Temperatures in Toronto, Canada's largest market, are forecast to cool to below seasonal until Tuesday, then climb to a few degrees warmer than average for the next three days, Environment ...
NEW YORK: Brent and US crude futures turned lower on Friday, in volatile trade after a weak US August jobs report.
Brent crude was down 10 cents at $113.39 a barrel at 9:31 a.m. EDT (1331 GMT), having traded from $112.61 to $114.65. US crude was sown 20 cents at $95.33 a barrel, having traded from $94.55 to $96.59.
Copyright Reuters, 2012 ...
NEW YORK: US spot natural gas prices inched lower at nearly every point on Thursday, following a slide in futures on Wednesday and pressured by impending milder weather that could crimp power demand.
The drop in gas for Friday delivery ended a two-session rise in cash prices, as milder weather was expected to lessen the need for air conditioning.
Gas at Henry Hub , the nation's benchmark supply point in Louisiana, fell 2 cents to $2.85 per ...
NEW YORK: US crude futures extended gains to more than $2 on Thursday in volatile trading as the dollar strengthened versus a weakening euro, signs pointed to an improved US jobs picture and a low pressure system in the Gulf of Mexico raised the specter of slowing the restart of operations affected by Hurricane Isaac.
US crude was up $1.70 at $97.06 a barrel at 9:48 a.m EDT (1348 GMT), having pushed back above the 200-day ...
