--> By Max Lin SINGAPORE (MarketWatch) -- Crude oil futures inched closer to a fresh one-year high in Asia Friday, as market sentiment remains optimistic on dollar weakness and seemingly improving fundamentals.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $81.48 a barrel at 0628 GMT, up 29 cents after reaching an intraday high of $81.78 in the Globex electronic session. December Brent crude on London's ICE Futures exchange rose 41 cents to $79.92 a barrel. The front-month Nymex contract hit $82.00 a barrel--its highest level since last Oct. 9--during intraday trading Wednesday, then pulled back as some traders who had taken long positions earlier decided to cash in.
Full Story: OIL FUTURES: Crude Nears Fresh One-Year High; Mood Optimistic - MarketWatch
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $81.48 a barrel at 0628 GMT, up 29 cents after reaching an intraday high of $81.78 in the Globex electronic session. December Brent crude on London's ICE Futures exchange rose 41 cents to $79.92 a barrel. The front-month Nymex contract hit $82.00 a barrel--its highest level since last Oct. 9--during intraday trading Wednesday, then pulled back as some traders who had taken long positions earlier decided to cash in.
Full Story: OIL FUTURES: Crude Nears Fresh One-Year High; Mood Optimistic - MarketWatch
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