Crude down in Asia on profit-taking

Crude fell in Asia Wednesday as traders took profits following the previous day's rally while US President Barack Obama's re-election victory did little to move prices, analysts said.

New York's main contract, light sweet crude for delivery in December, fell 39 cents to $88.32 a barrel in the afternoon and Brent North Sea crude for December delivery shed 51 cents to $110.56.

Crude traders were engaging in "some profit-taking after the highs yesterday," said Victor Shum, senior principal of Purvin and Gertz energy consultants in Singapore.

"US oil futures surged ahead quite a bit (Tuesday) ... and so we see some pullback this morning," he told AFP.

Shum added that crude markets had "reacted neutrally" to news of Obama's re-election.

Obama won his second election against Republican challenger Mitt Romney despite a slow economic recovery and the high unemployment that has haunted his first term.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3691-0.002-0.14%
    USDSGD=X
    1.4872-0.0035-0.24%
    EURSGD=X
    2.0366+0.0012+0.06%
    GBPSGD=X
    87.0567+0.0837+0.10%
    SGDJPY=X
    5.6638+0.0079+0.14%
    SGDHKD=X
    2.6873+0.0124+0.46%
    SGDMYR=X
    9,507.8115+5.6211+0.06%
    SGDIDR=X
    4.5404+0.0106+0.23%
    SGDCNY=X
    1.0663-0.0065-0.61%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,200.80-4.00-0.33%
    GCJ15.CMX
    17.15+0.01+0.06%
    SIK15.CMX
    68.39
    ^XAU
    2.79-0.02-0.87%
    HGK15.CMX
    50.87-0.56-1.09%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.44
    ^FVX
    1.98
    ^TNX
    2.57
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.435+0.030+7.41%
    E5H.SI
    0.131+0.015+12.93%
    E13.SI
    0.167+0.004+2.45%
    5GB.SI
    0.285-0.005-1.72%
    5WA.SI
    0.945+0.015+1.61%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.31+0.08+34.78%
    5PD.SI
    0.131+0.015+12.93%
    E13.SI
    0.255+0.025+10.87%
    D79.SI
    0.39+0.03+9.86%
    D03.SI
    0.435+0.030+7.41%
    E5H.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.135-0.007-4.93%
    K14.SI
    1.862-0.095-4.85%
    O9D.SI
    0.515-0.025-4.63%
    R07.SI
    0.22-0.01-4.35%
    M14.SI
    0.225-0.010-4.26%
    DU4.SI