Crude Oil Fluctuates Near Three-Month High on U.S. Jobs, Europe

Nov. 04, 2011 12:28PM PST

Bloomberg reported oil fluctuated near a three-month high after the U.S. unemployment rate dropped in October and Europe’s debt crisis remained unresolved.

Business Week reported oil fluctuated near a three-month high after the U.S. unemployment rate dropped in October and Europe’s debt crisis remained unresolved.

As quoted in the market news:

Futures swung between gains and losses as the Labor Department said the jobless rate dropped to 9 percent in October and payrolls rose following gains in the prior two months that were revised up. Crude fell as much as 1.3 percent after German Chancellor Angela Merkel said governments were awaiting further details on Europe’s rescue package before committing cash.

Click here to read the full Business Week report