Crude Continues to Move Within Recent Trading Range Amid Near-term Stagnant Demand and Supply Outlook
Gold, Crude Oil & Natural Gas- Weekly Fundamental Outlook
06 December 2009 @ 09:16 am EDT
US employment data released last Friday was surprisingly encouraging. November nonfarm payrolls dropped only -11k, the smallest decline since December 2007, while unemployment rate fell to 10%. At the same time, there was 159k in upward revisions to the previous two months. Together with upward revision in August nonfarm payrolls last month, there have been 3 consecutive months of upward revisions.
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