Oil Market Summary for 03/29/2010 to 04/02/2010
In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities markets were closed may temper enthusiasm when markets reopen on Monday.
The U.S. economy added 162,000 jobs in March, the biggest gain in three years. Although the headline unemployment rate remained at 9.7% and the March figures were buoyed by temporary hires at the Census Bureau, the positive showing prompted some analysts to suggest the Federal Reserve may consider raising interest rates. Full article at: http://www.oilprice.com/article-crude-prices-surg…
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