Crude was down in Asia today as traders took profit from an overnight rally ahead of the release of closely-watched US jobs numbers. New York's main contract, West Texas Intermediate light sweet crude for November delivery shed 24 cents to 91.47 dollars a barrel and Brent North Sea crude for delivery in November fell 40 cents to 112.18 dollars. The US Labor Department is due to release figures for September job creation and unemployment later today, with analysts expecting little change from August's unimpressive numbers.The United States is the world's largest oil consumer, and any downside to its economy is likely to weigh on crude prices.
News On AIR | October 5, 2012 11:27 AM
Crude down in Asia ahead of release of US jobs numbers