Oil Rebounds on Report U.S. Employers

- August 5th, 2011

Bloomberg reports that oil rebounds after after a report showed the U.S. created more jobs than forecast in July.

Bloomberg reports that oil rebounds after after a report showed the U.S. created more jobs than forecast in July.

The market news is quoted as saying:

Oil flows will resume through an Iranian pipeline in a “few hours” after an explosion today halted operations, the state-run Mehr news service said, without saying how the information was obtained.

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