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
    1.2526+0.0002+0.02%
    USDSGD=X
    1.7297-0.0005-0.03%
    EURSGD=X
    2.1044+0.0003+0.01%
    GBPSGD=X
    81.8685+0.0862+0.11%
    SGDJPY=X
    6.1904-0.0016-0.03%
    SGDHKD=X
    2.5950+0.0095+0.37%
    SGDMYR=X
    9,127.4150+8.5527+0.09%
    SGDIDR=X
    4.9757+0.0053+0.11%
    SGDCNY=X
    1.1695+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,285.80-8.10-0.63%
    GCM14.CMX
    19.35-0.24-1.23%
    SIK14.CMX
    89.26-0.92-1.02%
    ^XAU
    3.040.00-0.11%
    HGK14.CMX
    103.58+0.21+0.20%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.02
    ^FVX
    2.70-0.02
    ^TNX
    3.49-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI