http://oilinvestingnews.com Objective News on Oil drilling, exploration, and Oil industry investing Wed, 08 Feb 2012 23:09:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://oilinvestingnews.com/543-oil-price-drops-on-job-losses.html http://oilinvestingnews.com/543-oil-price-drops-on-job-losses.html#comments Mon, 09 Feb 2009 18:15:50 +0000 Reporter http://www.crudeinvestingnews.com/?p=543 The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.

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