Oil prices hovered above $52 a barrel on Friday, slightly lower on the day after a report that U.S. unemployment in March soared to a 25-year high.
Oil prices slipped on Friday, hovering above $52 a barrel as a report that unemployment in March soared to a 25-year high weighed on prices.
Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.
Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.
Oil slipped under $52 a barrel on Friday after surging by nearly 9 percent the day before, as global markets viewed the outcome of the G20 summit as paving the way for some risk appetite to return.
Stock futures lost ground on Friday as a brief boost that followed the March non-farm payrolls report faded.
Stock futures added to gains on Friday after data showed employers continued to slash jobs, pushing the unemployment rate to 8.5 percent, although the numbers were not as dire as some in the market had feared.
Oil slipped only slightly to near $52 a barrel on Friday, after surging by nearly 9 percent the day before, as global markets viewed the outcome of the G20 summit as paving the way for some risk appetite to return.
Stock futures pointed to a higher open on Friday on growing hopes that data pointing to an easing of the deep recession will prove to be lasting, despite what could be another dismal U.S. jobs report.
Oil rose above $53 a barrel on Friday after surging by nearly 9 percent the day before, as global markets continued to see the outcome of the G20 summit as positive for an eventual recovery from economic recession.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
Oil rose more than 7 percent to $52 a barrel on Thursday, in line with a broad rally in global markets on hopes actions agreed at the G20 summit in London would restore global growth.
Oil rose more than $4 per barrel to above $52 on Thursday as the G20 summit in London raised hopes of a package of measures to restore global growth.
Oil rose more than $3 per barrel to above $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.
Oil rose more than $3 per barrel to around $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Oil fell more than 3 percent to below $48 on Wednesday, pressured by bearish economic news and a 16-year high in U.S. crude inventories.
Global shares paused for breath on Friday at the end of a week that saw them gain nearly 7 percent on tentative hopes of economic recovery, while oil slipped below $54 a barrel after touching a 2009 high.
EQUITIES PUSH TROUGH AND HOLD ABOVE KEY RESITANCE LEVELS AS BETTER THAN EXPECTED TREASURY AUCTION RESULTS SUPPORT CONFIDENCE FOR US RECOVERY STRATEGIES.
US Treasury futures seesawed between the recent ranges defined by last week’s FOMC post meeting rally. The markets ended the session posting strong gains after
Oil fell nearly $1 to below $53 a barrel Tuesday on expectations U.S. inventory data would show an increase in crude stockpiles and as the greenback made gains against other currencies.
Oil fell nearly $1 to below $53 a barrel Tuesday on expectations U.S. inventory data would show an increase in crude stockpiles and as the greenback made gains against other currencies.
Oil fell below $53 on Tuesday, giving away some of the previous sessions gains, pressured by a stronger U.S. dollar and losses on European and U.S. stock markets.
Oil edged down toward $53 on Tuesday, as investors took profits after a 3 percent rise in the previous session that was supported by a surge on global stock markets on a new U.S. banking rescue plan.
Oil jumped more than $1 to above $53 a barrel on Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.
Oil jumped more than $1 to above $53 a barrel Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.
Oil rose above $52 a barrel on Monday, supported by a weak dollar and rising stock markets after the United States gave details on its plan to remove toxic assets from bank balance sheets.
An exodus of expertise from the natural resources sector following the collapse in commodities prices mean banks and industry could face a shortage of seasoned professionals when demand eventually recovers.