Fundamental Oil Report (2009-09-04)

04 September 2009 @ 03:59 pm EDT

News
Previous
Forecast
Analysis

Crude prices plunged so far as today's US jobs report came out depressing, having the jobless rate for August being worse than the market forecasts as it climbed up to 9.7% from a prior reading of 9.4%, which is in fact the highest level since 1983, forecasting that the consumer spending and accordingly the demand on energy will remain weak throughout the top oil consumer.  

For more forex information, go to www.ecpulse.com