Oil Drops on Speculation Fuel Demand May Falter as U.S. Economy Weakens
May. 30, 2011 11:02AM PST
Energy InvestingBloomberg reported that reports of a weaker US economy caused oil prices to drop.
Bloomberg reported that reports of a weaker US economy caused oil prices to drop.
The market news is quoted as saying:
Futures slipped as much as 1 percent before reports this week that may show U.S. employers hired fewer workers in May and manufacturing cooled.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1805.26 | -7.12 | |
| Silver | 23.54 | -0.48 | |
| Copper | 3.83 | -0.01 | |
| Palladium | 1785.00 | -48.00 | |
| Platinum | 1009.68 | -4.32 | |
| Oil | 78.65 | -0.31 | |
| Heating Oil | 3.28 | -0.02 | |
| Natural Gas | 4.77 | +0.08 | |
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