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
    1.3303-0.0061-0.46%
    USDSGD=X
    1.4871+0.0033+0.22%
    EURSGD=X
    2.0793-0.0135-0.64%
    GBPSGD=X
    90.9254+0.3237+0.36%
    SGDJPY=X
    5.8270+0.025+0.43%
    SGDHKD=X
    2.6945+0.0026+0.10%
    SGDMYR=X
    9,880.8584+67.917+0.69%
    SGDIDR=X
    4.6563+0.0186+0.40%
    SGDCNY=X
    1.0488-0.0061-0.58%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,211.20+7.10+0.59%
    GCM15.CMX
    17.25+0.11+0.66%
    SIN15.CMX
    71.85-0.22-0.30%
    ^XAU
    2.83-0.02-0.67%
    HGN15.CMX
    60.20-0.52-0.86%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.04
    ^FVX
    2.18-0.07
    ^TNX
    2.98-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.070+31.11%
    AFC.SI
    0.290.000.00%
    5WA.SI
    0.180.00+2.27%
    5OU.SI
    0.215+0.005+2.38%
    5GB.SI
    0.830.000.00%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.35+0.35+35.00%
    AYN.SI
    0.295+0.070+31.11%
    AFC.SI
    0.27+0.06+28.57%
    AVX.SI
    0.135+0.016+13.45%
    5IF.SI
    0.62+0.06+11.71%
    AWV.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.18-0.02-10.00%
    PH0.SI
    0.15-0.02-9.09%
    5IA.SI
    0.21-0.02-8.70%
    5G1.SI
    0.20-0.02-6.98%
    B1N.SI
    0.765-0.055-6.71%
    533.SI