Crude oil gains on strong US jobs data
02/01/2015 12:02
Crude oil prices rose by 0.91 per cent on Friday at the domestic markets after the fewest Americans in 2014 filed for unemployment benefit claims in 14 years in 2014, signalling a strengthening job market recovery in the world’s biggest economy, lifting the demand outlook for the fuel. Average jobless claims in 2014 stood at 308,500, the least since 299,600 in 2000. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,431 per barrel, up by 0.91 per cent, after opening at Rs. 3,419 against the previous closing price of Rs. 3,400. It touched the intra-day high of Rs. 3,438 till the trading. (At 11.58 AM today).
02/01/2015 12:02
Crude oil prices rose by 0.91 per cent on Friday at the domestic markets after the fewest Americans in 2014 filed for unemployment benefit claims in 14 years in 2014, signalling a strengthening job market recovery in the world’s biggest economy, lifting the demand outlook for the fuel. Average jobless claims in 2014 stood at 308,500, the least since 299,600 in 2000. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,431 per barrel, up by 0.91 per cent, after opening at Rs. 3,419 against the previous closing price of Rs. 3,400. It touched the intra-day high of Rs. 3,438 till the trading. (At 11.58 AM today).
