Oil Investing News » Crude Oil is trading near $69 a barrel before U.S Employment Report

Crude Oil is trading near $69 a barrel before U.S Employment Report

June 5, 2009 @ 4:20 am In Oil Market News

Crude oil was little changed near $69 a barrel before a report today has forecasted to show that unemployment in the U.S. surged to a 25-year high, sowing doubts about a global recovery.

Andrey Kryuchenkov, an analyst at VTB Capital in London, stated:

Seventy dollars is still the psychological barrier.

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