Oil Falls First Time in Five Days as U.S. Jobless Claims Rise

- December 1st, 2011

Bloomberg reported that oil declined after U.S. jobless claims climbed and European and Chinese manufacturing weakened last month.

Bloomberg reported that oil declined after U.S. jobless claims climbed and European and Chinese manufacturing weakened last month.

As quoted in the market news:

Crude oil for January delivery declined 16 cents to settle at $100.20 a barrel on the New York Mercantile Exchange. Futures rose 7.7 percent in November and are up 9.7 percent this year.

Click here to read the full Bloomberg report.

Leave a Reply