Bleak unemployment figures from USA and Europe has sunk oil prices to US$66/barrel. Weak jobs figures suggest tepid consumption that will dampen crude demand. A Labor Department report indicated 467,0000 jobs were lost in June - a larger-than-expected drop that ahs pushed up unemployment rate to 9.
For more details on Oil prices linger above US$66 over weekend click here
Monday, July 06, 2009
Oil prices linger above US$66 over weekend
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment