Crude oil prices still weaken,slow recovery U.S economy

Commodity market news today about the trade Crude oil Still weaken under the influence of the U.S. Unemployment Data Release. In NYMEX trading, crude oil prices on trading this evening looking through dilution. Increased movement of the dollar against most currencies moving apparently pressed oil after that morning had risen slightly. In addition the impact of rising U.S. oil inventories last week also was shadowing the movement of oil today. On the other hand, the market is still focused on the U.S. unemployment data which will be released tonight. The persistently high unemployment rate assessed will return slumped U.S. economy.

This entry was posted on Friday, February 5th, 2010 at 15:26 and is filed under Commodity. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.