Share

Crude mixed in Asian trade

Singapore - Crude was mixed but well-supported in Asia on Friday as upbeat Chinese and US economic data sparked hopes that the world's largest economies were turning the corner, analysts said.

New York's main contract, light sweet crude for delivery in December fell 16 cents to $86.93 a barrel while Brent North Sea crude for December delivery gained three cents to $108.20.

A rebound in China's manufacturing sector coupled with positive jobs numbers from the United States was propping up crude prices, IG Markets said in a report.

"November started on a firm footing with upbeat economic data out of the world's two biggest economies rallying their local markets," it stated.

Data released Thursday showed China's manufacturing activity growing for the first time in three months in October, reinforcing hopes that the world's largest energy consumer was finally emerging from a slump.

In the US, manufacturing activity picked up for a second straight month in October after three months of slight contraction, with growth the strongest since May, the Institute for Supply Management said Thursday.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.11
+0.4%
Rand - Pound
23.80
-0.4%
Rand - Euro
20.46
-0.0%
Rand - Aus dollar
12.40
-0.2%
Rand - Yen
0.12
+0.4%
Platinum
920.40
-1.1%
Palladium
1,026.50
+1.1%
Gold
2,322.61
-0.2%
Silver
27.34
+0.6%
Brent Crude
87.00
-0.3%
Top 40
68,051
+0.8%
All Share
74,011
+0.6%
Resource 10
59,613
-2.2%
Industrial 25
102,806
+1.7%
Financial 15
15,897
+1.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders