Crude oil futures are trading slightly higher in the Asia electronic session today with the investors awaiting the U.S. monthly jobs report due on Friday.
Crude for July delivery is trading up 9 cents at $94.85 per barrel on the New York Mercantile Exchange. Yesterday, it rose $1.02, or 1.1%, to $94.76 a barrel, marking the highest close since May 28.
In the currencies today, the U.S. dollar fell to ¥96.49, down more than half a yen from late Thursday’s ¥97.07, but still holding above the previous day’s low of ¥95.88.
The dollar’s dive against the yen gained steam after market disappointment over a slate of economic policies announced Wednesday by Prime Minister Shinzo Abe, which sent the greenback solidly below the ¥100 level.
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