07/02/2014 09:47 AST

Oil prices were mixed in Asian trade today as investors await the release of US jobs data, while severe winter weather in the country lifted the demand for heating fuel and lent support to prices.

New York’s main contract, West Texas Intermediate (WTI) crude for March delivery, eased 12 cents to $97.72 in late-morning trade, while Brent North Sea crude for March delivery rose 18 cents to $107.37.

WTI crude had at one point yesterday hit a peak of $98.83, its highest level this year, due to buoyant mood ahead of today’s jobs figures.

Kenny Kan, market analyst at CMC Markets in Singapore, said that the prices remain supported by hopes that the non-farm payrolls report will signal “an improvement of the economic outlook’’.

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Ticker Price Volume
QNBK 124.80 275,932
SABIC 100.01 2,889,924
TAWUNIYA 92.21 115,275
EEC 17.21 992,484
ALMARAI 70.11 661,940
ALINMA 17.73 19,061,890
WALAA 26.57 54,241
(In US Dollar) Change Change(%)
Brent 59.02 2.16 3.80
WTI 52.22 1.56 3.08
OPEC Basket 54.84 0.25 0.46
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