Oil Continues to Head Higher on Jobless Claims

Filed under: Major Movement, Good news, Employees, Economic Data, Commodities, Oil

After a strong day yesterday for oil prices, the precious crude has had another strong showing today, rising $2.04 a barrel to $79.90, and was trading above the psychological $80 mark earlier in the day.

One of the main catalysts pushing oil prices higher today was a better than expected jobs report from the U.S. Labor Department which showed that first time jobless claims were lower than expected last week.

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Oil Continues to Head Higher on Jobless Claims originally appeared on BloggingStocks on Thu, 30 Sep 2010 16:40:00 EST. Please see our terms for use of feeds.

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