Commodity Prices Weakened Further After Disappointing US Employment Report
- Posted Friday, July 03, 2009 -
- FXstreet.com
Crude oil price sank -3.7% to settle at 66.73, the lowest in 4
weeks, as sharp fall in non-farm payrolls in June raised concerns
and boosted rally in USD. Others in the energy complex also slipped
further. The benchmark contracts for RBOB gasoline slid -3.7% to
1.7908 while heating oil and natural gas plunged -3.6% and -4.7% to
1.7016 and 3.615, respectively. Prices recover modestly in Asian
session and trading will remain thin throughout the day due to
holiday in the US. The US Labor
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