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Commodity Daily News
Crude Rises on Expectation of US Growth
Thursday, 6 Oct 2011
Crude for November delivery rose as much as $1.29 to $80.97 a barrel in electronic trading on the New York Mercantile Exchange. Oil prices got a lift Wednesday from a better than expected release of the ADP Employment numbers as well as a drop on Inventories.
Traders should follow tomorrow's release of the Non-Farm Employment data from the US as it tends to have a high impact on Oil price. Markets are also expected to see some volatility today with the release of the US unemployment Claims and interest rate decisions from the Bank of England and the European Central Bank.
