Al Arabiya Digital is an Arabic and English language digital content provider licensing electronic content to clients globally.
We give media providers a competitive advantage by providing intelligent coverage from the Middle East region.

Advertisement

Crude Heads For Another Weekly Gain Ahead Of Key Jobs Data From The US - Sun Feb 3 21:21:03 2013

Published: 03/02/2013 09:21:03 PM GMT
Related Stories

Print
E-mail to friend
Crude oil is steady as of this writing around the $97.60 level and is heading for the longest streak of weekly gains in more than eight years amid believes economic recovery in the world's biggest crude consumer is accelerating, brightening the outlook for oil demand.Crude is trading as of this writing around the $97.55 a barrel level compared with the opening at $97.44 and with the highest at $97.68 and the lowest at $97.37. On the short term crude finds support at $97.30 then at $96.85 and resistance at $98.00 then at $98.30.A report later this day may show that the U.S. added more jobs last month which will keep investors on edge. U.S. employers probably added 165,000 workers last month after a 155,000 increase in December and the unemployment rate might remain steady at 7.8%.Gains however were limited after China's data dented sentiment. Th (more)

Crude oil is steady as of this writing around the $97.60 level and is heading for the longest streak of weekly gains in more than eight years amid believes economic recovery in the world's biggest crude consumer is accelerating, brightening the outlook for oil demand.Crude is trading as of this writing around the $97.55 a barrel level compared with the opening at $97.44 and with the highest at $97.68 and the lowest at $97.37. On the short term crude finds support at $97.30 then at $96.85 and resistance at $98.00 then at $98.30.A report later this day may show that the U.S. added more jobs last month which will keep investors on edge. U.S. employers probably added 165,000 workers last month after a 155,000 increase in December and the unemployment rate might remain steady at 7.8%.Gains however were limited after China's data dented sentiment. Th

Read full story at Oil N' Gold - Resources for Serious Traders




Advertisement







Advertisment


Home | About Us | Contact Us | Advertising with Alarabiya

Al Arabiya is an Arabic and English language digital content provider licensing electronic content to clients globally. Al Arabiya gives media providers a competitive advantage by providing them intelligent coverage of Middle East Economics and in-depth Islamic Finance and Middle East Forex technical market data.