Gaza ceasefire limits Asian oil gains

Crude price rises were limited in Asian trade Thursday after a ceasefire ended a week of cross-border violence between Israel and Palestinian militants that left at least 160 people dead.

New York's main contract, light sweet crude for delivery in January, added 21 cents to $87.59 a barrel in the afternoon and Brent North Sea crude for January delivery advanced two cents to $110.88.

The Gaza ceasefire came into effect at 1900 GMT Wednesday and halted eight days of conflict between Israel and Hamas.

"A truce... eased concerns that a week of intensive Israeli fire on the Gaza Strip and militant rocket attacks out of the enclave could widen, engulfing regional oil exporters," Phillip Futures said in a report.

US jobs numbers helped boost prices, analysts said.

"Markets lifted... on better-than-expected jobs numbers out of the US," IG Markets said in a report.

Despite a disclaimer that numbers were distorted by the effects of Superstorm Sandy, traders still found cheer when official figures showed US jobless claims falling to 410,000 last week.

That marked a nine percent decline from the previous week's upwardly revised number of 451,000. Analysts on average had estimated claims in the world's largest economy and oil consumer would drop to 423,000.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3814-0.0002-0.02%
    USDSGD=X
    1.5385-0.0001-0.01%
    EURSGD=X
    2.0206-0.00010.00%
    GBPSGD=X
    80.4391-0.00380.00%
    SGDJPY=X
    5.6246+0.001+0.02%
    SGDHKD=X
    2.9778+0.0005+0.02%
    SGDMYR=X
    9,868.9336+1.75+0.02%
    SGDIDR=X
    4.7636+0.0004+0.01%
    SGDCNY=X
    0.99240.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,209.70-13.00-1.06%
    GCQ16.CMX
    16.04-0.30-1.85%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.100.00-0.19%
    HGN16.CMX
    49.60+0.12+0.24%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.28-0.03-8.20%
    N21.SI
    0.76+0.02+3.40%
    G13.SI
    0.143+0.005+3.62%
    5DM.SI
    0.79+0.05+6.76%
    5HJ.SI
    3.90-0.03-0.76%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.29+0.04+16.00%
    5VI.SI
    0.275+0.030+12.24%
    BAZ.SI
    0.375+0.040+11.94%
    F03.SI
    0.505+0.050+10.99%
    BJE.SI
    1.30+0.12+10.64%
    BDV.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    580.SI
    0.14-0.02-11.39%
    5WJ.SI
    0.28-0.03-8.20%
    N21.SI
    0.10-0.01-7.41%
    AWO.SI
    0.335-0.025-6.94%
    BFU.SI