Thursday, June 03, 2010

Crude oil rises on news of stronger than anticipated U.S. manufacturing

The Institute for Supply Management's manufacturing index fell to 59.7% in May from 60.4% in April, while the consensus forecast called for a decrease to 59%. This stronger than anticipated growth in key economic indicator has propped up oil prices.

For more details on Crude oil rises on news of stronger than anticipated U.S. manufacturing click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

1 comments:

Guava said...

Crude oil rose and was poised for a second weekly increase on signs of a recovery in demand in the U.S, biggest energy consumer.