Sunday, September 06, 2009

Oil prices at US$68 as data reveals jump in jobless rate

A fresh report in USA has reported unemployment rate climbed to 9.7% in August from 9.4% in July. The report revealed a narrowing decline in payrolls in August, pulling down oil prices. New York's maiin contract, light sweet crude for October delivery settled at US$68, while London's Brent North Sea crude for October delivery settled at US$66.

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