Crude Oil Options Dip the Highest Since May

Jan. 04, 2013 05:06PM PST

Bloomberg reported that crude oil options have sunk the most since May 2 at 21.66% as of 3:40PM on the New York Mercantile Exchange amid a better-than-expected U.S. jobs report.

As quoted in the market news:

Crude oil for February delivery settled at $93.09 a barrel on the Nymex, extending its advance to 2.5 percent this week, the most since Sept. 14. Prices increased 17 cents from yesterday after the Labor Department said payrolls rose by 155,000 workers last month, compared with the forecast for 152,000 in a Bloomberg survey of economists.

Click here to read the full Bloomberg report.