NYMEX crude oil 7-day Asian electronics hold steady above $71/barrel

affected by optimistic expectations of the global economic recovery, NYMEX crude oil futures 7 Asian electronic seisoping above 71 U.Sdollars per barrel, the market is waiting for the U.SNon-farm payrolls data for July, due later on the 7th, July 7 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures edged lower in Asian electronic trading on Friday, but remained steady above $71 a barrel and are expected to rise for the fourth week, due to optimism that the global economic recovery has improved's weekly report, released By the Labor Department, showed that initial claims for unemployment benefits fell 38,000 to 550,000 in the week ended Aug1, seasonally adjusted, after an expected increase of 1,000The four-week average of first-time claims for unemployment benefits fell 4,750 to 555,250, the lowest level since January 24"Significant improvements in the global business environment and the weakness of the dollar have pushed up oil prices, and a consistent increase in new orders from the United States, Japan and the euro zone has also pushed commodity prices higher,"analysts saidNYMEX September crude futures fell 39 cents to $71.55 a barrel at 12:05 bstThe contract edged down 3 cents, or 0.04 per cent, to $71.94 a barrelIntercontinental Exchange (ICE) September Brent crude futures fell 35 cents to $74.48 a barrelThe contract fell 68 cents, or 0.9 percent, to $74.83 a barrel, with intraday trading ranges ranging from $74 to $76, the highest of the year and the highest since hitting $80.74 on October 14markets are concerned about the U.Snon-farm payrolls data for July, due later on July, which some market participants are concerned may not improve as much as expected from last month, but economists at Goldman Sachs and Deutsche Bank expect a big improvement in non-farm payrolls in July, and a lackofed market sentiment may keep investors on the sidelines ahead of the non-farm dataaffected by optimistic expectations of the global economic recovery, NYMEX crude oil futures 7 Asian electronic seisoping above $71 per barrel, the market is waiting for the U.Snon-farm payrolls data for July, due later on the 7th , July 7 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures edged lower in Asian electronic trading on Friday, but remained steady above $71 a barrel and are expected to rise for the fourth week, due to optimism that the global economic recovery has improved 's weekly report, released By the Labor Department, showed that initial claims for unemployment benefits fell 38,000 to 550,000 in the week ended Aug 1, seasonally adjusted, after an expected increase of 1,000 The four-week average of first-time claims for unemployment benefits fell 4,750 to 555,250, the lowest level since January 24 "Significant improvements in the global business environment and the weakness of the dollar have pushed up oil prices, and a consistent increase in new orders from the United States, Japan and the euro zone has also pushed commodity prices higher," analysts said NYMEX September crude futures fell 39 cents to $71.55 a barrel at 12:05 bst The contract edged down 3 cents, or 0.04 per cent, to $71.94 a barrel Intercontinental Exchange (ICE) September Brent crude futures fell 35 cents to $74.48 a barrel The contract fell 68 cents, or 0.9 percent, to $74.83 a barrel, with intraday trading ranges ranging from $74 to $76, the highest of the year and the highest since hitting $80.74 on October 14 markets are concerned about the U.S non-farm payrolls data for July, due later on July, which some market participants are concerned may not improve as much as expected from last month, but economists at Goldman Sachs and Deutsche Bank expect a big improvement in non-farm payrolls in July, and a lackofed market sentiment may keep investors on the sidelines ahead of the non-farm data (name)