Oil prices steady after China data, before US vote

Oil prices were steady on Monday as traders reacted to a pick-up in China's services industry ahead of Beijing's leadership transition and the US presidential election.

New York's main contract, light sweet crude for delivery in December, edged up eight cents to $84.94 a barrel.

Brent North Sea crude for December fell 16 cents to $105.52 approaching midday in London.

Prices were "lifted by China's non-manufacturing PMI data, which showed an improvement," trading group IG said in a report.

It added that the figures backed up analyst consensus opinion that China, the world's biggest energy consumer, had come to the end of its slowdown, supported by last week's data showing an increase in manufacturing output.

"This week is all about changes in leadership and policy meetings which are likely to keep traders firmly sat on the sidelines," IG said.

US President Barack Obama and challenger Mitt Romney go into Tuesday's election neck and neck with markets waiting to see who will be the next leader of the world's biggest economy and oil consumer.

Obama had a lift on Friday when the Labor Department said 171,000 new jobs were created in October, well above forecasts.

China begins its power transition on Thursday, fuelling market sensitivity as traders monitor developments in the Asian powerhouse.

burs-bcp/rfj/rl

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
    1.2506-0.0025-0.20%
    USDSGD=X
    1.7280-0.0031-0.18%
    EURSGD=X
    2.1006+0.0046+0.22%
    GBPSGD=X
    81.7656+0.4692+0.58%
    SGDJPY=X
    6.2006+0.0132+0.21%
    SGDHKD=X
    2.5924+0.0037+0.14%
    SGDMYR=X
    9,181.1934+56.1836+0.62%
    SGDIDR=X
    4.9742+0.0095+0.19%
    SGDCNY=X
    1.1730-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,302.50+2.20+0.17%
    GCM14.CMX
    19.62+0.13+0.67%
    SIK14.CMX
    90.86-1.01-1.10%
    ^XAU
    3.03+0.04+1.37%
    HGK14.CMX
    103.67-0.08-0.08%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.117-0.006-4.88%
    B22.SI
    1.275+0.020+1.59%
    N21.SI
    2.190.0000.00%
    JS8.SI
    0.605+0.015+2.54%
    E5H.SI
    0.97+0.060+6.59%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.055+14.10%
    5UL.SI
    0.20+0.020+11.11%
    567.SI
    0.174+0.013+8.07%
    540.SI
    0.67+0.050+8.06%
    5VT.SI
    0.425+0.030+7.59%
    5FD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.315-0.025-7.35%
    O08.SI
    0.139-0.010-6.71%
    5GB.SI
    0.30-0.020-6.25%
    502.SI
    0.132-0.008-5.71%
    5BM.SI