Global oil prices advanced above $84 a barrel in Asian trade Monday despites a strong dollar ahead of couple of key reports from the US.
Light sweet crude for January delivery was seen trading at $84.25 a barrel at 1.00 p.m Singapore time while Brent crude was at $86.05 a barrel in London.
In other Nymex trading in December contracts, heating oil rose 1.15 cents to $2.33 a gallon and gasoline added 1.22 cents at $2.22 a gallon. Natural gas gained 1.8 cents to $4.42 per 1,000 cubic feet.
Analysts said traders will be closely watching Friday's unemployment numbers for signs more Americans are going back to work as the economy slowly recovers from last year's recession.
The euro fell to $1.3220 on Monday after European Union nations agreed to give 67.5 billion euros ($89.4 billion) in bailout loans to Ireland on Sunday.
Oil normally falls as the dollar strengthens since crude becomes more expensive for investors with other currencies.
On Friday, oil prices declined as the dollar rose against the euro on deepening concern over the eurozone debt crisis, but trade was muted after the US Thanksgiving holiday.
New York's main contract, light sweet crude for January, fell 10 cents to $83.76.Brent North Sea crude for delivery in January shed 52 cents to $85.58 a barrel in London trade.
Light sweet crude for January delivery was seen trading at $84.25 a barrel at 1.00 p.m Singapore time while Brent crude was at $86.05 a barrel in London.
In other Nymex trading in December contracts, heating oil rose 1.15 cents to $2.33 a gallon and gasoline added 1.22 cents at $2.22 a gallon. Natural gas gained 1.8 cents to $4.42 per 1,000 cubic feet.
Analysts said traders will be closely watching Friday's unemployment numbers for signs more Americans are going back to work as the economy slowly recovers from last year's recession.
The euro fell to $1.3220 on Monday after European Union nations agreed to give 67.5 billion euros ($89.4 billion) in bailout loans to Ireland on Sunday.
Oil normally falls as the dollar strengthens since crude becomes more expensive for investors with other currencies.
On Friday, oil prices declined as the dollar rose against the euro on deepening concern over the eurozone debt crisis, but trade was muted after the US Thanksgiving holiday.
New York's main contract, light sweet crude for January, fell 10 cents to $83.76.Brent North Sea crude for delivery in January shed 52 cents to $85.58 a barrel in London trade.
