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.

Oil and Gold Reports contributed by Oil N' Gold

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