Crude Oil Prices Keep Going

JAKARTA, KOMPAS.com-improvement in the unemployment data in the U.S. and improved manufacturing data in China continues to push up crude oil prices. March crude oil prices rose 72 cents, or 0.8 percent, to 95.95 dollars a barrel on the NYMEX.


This morning, Friday (25/01/2013) opened trading down 1 cent to 95.94 dollars in electronic trading Sidney. Support 89.7 dollars and resistant 99, 5 U.S. dollars per barrel.

March Brent crude oil in London rose 48 cents, or 0.4 U.S. dollars to 113.28 dollars per barrel. Suport 110 dollars and resistant at 117 dollars per barrel. Price increases also occurred in the product gas. February gasoline prices rose 2.91 cents to 2.8629 dollars per gallon on the Nymex. Support resistant 2.68 dollars and 2.97 dollars per gallon

HSBC announces Chinese manufacturing data which hit 51.9 in January. The U.S. Labor Department reported to the public that the number of U.S. residents who filed claims for unemployment benefits fell, giving a positive signal of the U.S. labor market. The development is indicated by a decrease in fundamental indicators Unemployment Claims were down to 330 K from the value in the previous period is 335K. Favorable reports showed better performance than the estimated number of economists, who predicted to rise 359K.

Sources: http://bisniskeuangan.kompas.com/read/2013/01/25/11285536/