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    <title>Business Recorder - Markets - Commodities</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Sun, 16 Aug 2026 22:01:35 +0500</pubDate>
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      <title>Oil mixed in Asian trade</title>
      <link>https://www.brecorder.com/news/940/oil-mixed-in-asian-trade</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; float: left;" alt="oil1_400" src="https://i.brecorder.com/images/stories/pics2010/dec/oil1_400.jpg" width="400" height="307" /&gt;SINGAPORE: Oil prices were mixed in Asia Thursday, despite a sharp fall in US crude inventories adding to the mood of recovery in the world's largest oil consumer, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;New York's main contract, light sweet crude for February delivery, was up 11 cents to 90.41 dollars per barrel.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Brent North Sea crude for delivery in February was down five cents to 95.45 dollars.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Oil prices were supported by "better US economic data and a larger than expected 4.2 million barrel fall in US crude oil inventories last week," the Commonwealth Bank of Australia said in a report.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The numbers, released by the US Department of Energy late Wednesday, were almost double analysts' forecasts of a 2.2 million barrel drop.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Meanwhile, US private hiring and service sector growth numbers also beat analyst expectations and boosted confidence that the US economic recovery was on track.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Figures provided by private payrolls firm ADP showed the American private sector adding a seasonally adjusted 297,000 jobs in December, more than triple the number created in November and above consensus forecasts of 100,000 new hirings.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Separately, the Institute of Supply Management said its non-manufacturing index rose 2.1 points to 57.1 percent last month. Economists had predicted the index would see a more moderate rise to 55.7 percent.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Any figure above 50 signifies growth in the crucial sector.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2010&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; float: left;" alt="oil1_400" src="https://i.brecorder.com/images/stories/pics2010/dec/oil1_400.jpg" width="400" height="307" />SINGAPORE: Oil prices were mixed in Asia Thursday, despite a sharp fall in US crude inventories adding to the mood of recovery in the world's largest oil consumer, analysts said.</p>
<p class="MsoPlainText">New York's main contract, light sweet crude for February delivery, was up 11 cents to 90.41 dollars per barrel.</p>
<p class="MsoPlainText">Brent North Sea crude for delivery in February was down five cents to 95.45 dollars.</p>
<p class="MsoPlainText">Oil prices were supported by "better US economic data and a larger than expected 4.2 million barrel fall in US crude oil inventories last week," the Commonwealth Bank of Australia said in a report.</p>
<p class="MsoPlainText">The numbers, released by the US Department of Energy late Wednesday, were almost double analysts' forecasts of a 2.2 million barrel drop.</p>
<p class="MsoPlainText">Meanwhile, US private hiring and service sector growth numbers also beat analyst expectations and boosted confidence that the US economic recovery was on track.</p>
<p class="MsoPlainText">Figures provided by private payrolls firm ADP showed the American private sector adding a seasonally adjusted 297,000 jobs in December, more than triple the number created in November and above consensus forecasts of 100,000 new hirings.</p>
<p class="MsoPlainText">Separately, the Institute of Supply Management said its non-manufacturing index rose 2.1 points to 57.1 percent last month. Economists had predicted the index would see a more moderate rise to 55.7 percent.</p>
<p class="MsoPlainText">Any figure above 50 signifies growth in the crucial sector.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2010</b></i></center></p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/940</guid>
      <pubDate>Thu, 06 Jan 2011 09:24:10 +0500</pubDate>
      <author>none@none.com (Fakir Syed Iqtidaruddin)</author>
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