Global oil prices eased below $82 a barrel again in Asian trade Friday mainly after stocks declined in the region amid a strong dollar.
Light sweet crude for December delivery was seen trading at $81.77 a barrel at 12 noon Singapore time while Brent crude was at $83.34 a barrel in London.
Analysts said commodities have gained in recent weeks in anticipation the Fed measures will undermine the dollar further and make dollar-based assets cheaper for investors with other currencies
They said traders remain cautious ahead of next week's key Federal Reserve meeting and U.S. midterm elections.
The dollar climbed 0.1 percent versus the euro to $1.3912 while the yen rose against all major currencies.
In other Nymex trading in November contracts, heating oil was steady at $2.237 a gallon and gasoline dropped 1.12 cents to $2.103 a gallon. Natural gas held at $3.897 per 1,000 cubic feet.
On Thursday, oil rose as traders eyed the weak dollar and a surprise drop in weekly job claims which bolstered confidence in the US economic recovery.
New York's main contract, light sweet crude for delivery in December, rose 24 cents to close at $82.18 a barrel while Brent crude for December closed at $83.59 a barrel.
Light sweet crude for December delivery was seen trading at $81.77 a barrel at 12 noon Singapore time while Brent crude was at $83.34 a barrel in London.
Analysts said commodities have gained in recent weeks in anticipation the Fed measures will undermine the dollar further and make dollar-based assets cheaper for investors with other currencies
They said traders remain cautious ahead of next week's key Federal Reserve meeting and U.S. midterm elections.
The dollar climbed 0.1 percent versus the euro to $1.3912 while the yen rose against all major currencies.
In other Nymex trading in November contracts, heating oil was steady at $2.237 a gallon and gasoline dropped 1.12 cents to $2.103 a gallon. Natural gas held at $3.897 per 1,000 cubic feet.
On Thursday, oil rose as traders eyed the weak dollar and a surprise drop in weekly job claims which bolstered confidence in the US economic recovery.
New York's main contract, light sweet crude for delivery in December, rose 24 cents to close at $82.18 a barrel while Brent crude for December closed at $83.59 a barrel.
