Crude Holds Small Gain in Asia with Baker Hughes Rig Data Eyed

Crude prices held gains in Asia on Friday with the market poised for the latest U.S. weekly rig count figures to set the tone and looking to France as it heads to polls to elect a president with the result expected to lead to a runoff in May .
On the New York Mercantile Exchange crude futures for May delivery edged up 0.14% to $50.78 a barrel, while on London's Intercontinental Exchange, Brent gained 0.08% to $53.05 a barrel.
On Friday, oilfield services firm Barker Hughes will report weekly rig count data that is closely watched as the U.S. shale oil industry's aggressive response to higher prices. Last week, Baker Hughes said the weekly U.S. rig count rose by 11 to 683, for the thirteenth straight weekly increase. For More Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774