Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
GP:Oil prices ease in Asian trade
 
Oil prices fell in Asian trade Friday as the market awaited the release of US payrolls data amid lingering concerns over a prolonged budget stalematein Washington, analysts said.

New York's main contract, light sweet crude for delivery in April eased 15 cents to $91.41 a barrel in the afternoon and Brent North Sea crude for April delivery dipped 25 cents to $110.90.

"People are waiting for new economic data... in the United States," said Tony Nunan, risk manager at Mitsubishi Corp in Tokyo.

"Prices are likely to fall if the data is disappointing as the general market is weak," he told AFP.

US non-farm payrolls figures are due to be released later Friday, and strong numbers would signal further economic momentum after data on Thursday showed unemployment claims falling last week to 340,000.

On Wednesday payrolls firm ADP said the private sector piled on 198,000 jobs last month, better than the average of the past six months.

"Fewer firings and more hirings are bringing people back into the search for a job when they had previously been too discouraged to bother," DBS bank said in a market commentary.

US President Barack Obama ratcheted up his political charm offensive Thursday, welcoming Republican fiscal conservative Paul Ryan for lunch as he seeks a less painful way to cut spending after the $85 billion "sequester" kick in last Friday.

The cuts to defence and domestic spending will likely cost hundreds of thousands of jobs, which could hamper recovery in the world's biggest economy.
Source