Crude Oil Futures Advance in New York on Jobless Claims

- August 11th, 2011

Bloomberg reports that crude oil inched up after positive U.S. jobs report.

Bloomberg reports that crude oil inched up after positive U.S. jobs report.

The market news is quoted as saying:

Futures climbed as much as 1.9 percent after the Labor Department reported that applications for jobless benefits decreased 7,000 to 395,000 last week, the fewest since early April. Equities in the U.S. and Europe rebounded on the employment data. Oil dropped as much as 2.2 percent earlier on concern France’s creditworthiness will deteriorate.

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