Crude was mixed in Asia today, with positive US jobs data providing support to prices but a stronger greenback weighing them down, analysts said.
New York's main contract, light sweet crude for delivery in September, rose a cent to $93.37 a barrel while Brent North Sea crude for September delivery fell four cents to $113.18.
"Despite the optimism over US employment, a strong US dollar kept a lid on prices," IG Markets said in a report.
Official data yesterday showed weekly US jobless claims fell to 361,000 - a sign of moderate strength in the world's biggest economy and largest oil consumer's employment market, despite a second-quarter lull in hiring.
However, a stronger greenback was preventing dollar-priced crude from making more gains as it was deterring traders using other currencies such as the euro.
The single currency bought $1.2295 in early Asian trade compared to $1.2301 in the US late yesterday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app