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Weak dollar prompts crude futures buying: 10/13 AM

2017/10/13 12:06

The November WTI crude oil futures contract in NYMEX ACCESS trade at 11:15 Tokyo time on Friday was at $50.84 per barrel (bbl), up 24cts from the closing price in New York on Thursday while the December Brent contract in ICE After Hours Trading was at $56.46/bbl, up 21cts. “The dollar weakened against the euro, prompting buying of dollar-based crude oil futures,” Tsuyoshi Ueno, a senior economist at NLI Research Institute mentioned. Ueno added that the crude oil market attracted bargain-hunting following declines in the overnight session. Meanwhile, the Nikkei Stock Average gained 60.50 points in Friday morning trade to 21,015.31 as the dollar traded at 112.18 against the yen.
 
RECX-22 index for Friday was at 102.50, up 0.12 points from Thursday amid increases for most indices.

Tokyo : Satoko Waki  +81-3-3552-2411
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