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Oil falls nearly 4 percent on weak U.S. economy
Jul 03,2009
NEW YORK - Swelling motor fuel stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil down nearly four percent on Thursday to below $67 a barrel. In the latest signal the economy of the world's biggest energy consumer was still struggling with a deep recession, data on Thursday showed U.S. employers had cut 467,000 jobs in June and the unemployment rate had risen to 9.5 percent, the highest in nearly 26 years. U.S... >>>
Oil drops nearly 4% on unexpected U.S. job losses (Jul 03,2009)
NEW YORK, July 2 - Oil prices dropped nearly 4 percent on Thursday as the United States lost more jobs in June than expected. Light, sweet crude for August delivery fell 2.58 U.S. dollars, or 3.7 percent, to settle at ...>>>
Oil falls nearly 4 percent on weak U.S. economy (Jul 03,2009)
NEW YORK - Swelling motor fuel stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil down nearly four percent on Thursday to below $67 a barrel. In the latest signal the economy of the world's bigge...>>>
TSX slides on weak oil, US jobs data (Jul 03,2009)
TORONTO, July 2 - Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery. U.S. employers cut more jobs than expected in June an...>>>
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Chemical News

  • Oil drops nearly 4% on unexpected U.S. job losses (Jul 03,2009)
    NEW YORK, July 2 - Oil prices dropped nearly 4 percent on Thursday as the United States lost more jobs in June than expected. Light, sweet crude for August delivery fell 2.58 U.S. dollars, or 3.7 percent, to settle at 66.73 dollars a barrel on the New York Mercantile Exchange...>>>
  • Europe Gasoline-Drops almost 2 pct on US stock build (Jul 02,2009)
    LONDON, July 1 - European gasoline prices dropped by almost 2 percent on Wednesday towards $630 a tonne, after a larger-than-expected rise in U.S. stocks of the motor fuel dampened export expectations. The U.S. Energy Information Administration reported gasoline stocks rose b...>>>
TSX slides on weak oil, US jobs data (Jul 03,2009)
TORONTO, July 2 - Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery. U.S. employers cut more jobs than expecte...>>>
Judge orders Chevron to halt California project (Jul 03,2009)
HOUSTON, July 2 - A California state judge ordered Chevron Corp (CVX.N) to halt a $1 billion project aimed at expanding the types of crude oils its Richmond, California, refinery can process, a lawyer oppos...>>>
U.S. natgas rig count edges up 1 to 688 for week (Jul 03,2009)
NEW YORK, July 2 - The number of rigs drilling for natural gas in the United States unexpectedly rose again, the second gain in seven months, according to a report on Thursday by oil services firm Baker Hug...>>>
Oil steady above $69 after fall on gasoline build (Jul 02,2009)
PERTH - Oil prices were little changed just above $69 a barrel on Thursday, after falling in the previous session on data showing a larger-than-expected increase in U.S. gasoline stocks, which dented hopes ...>>>
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