A significant drop in equity markets sent crude oil tumbling on Thursday. The commodity fell $0.99, or 1.31%. Markets are now intensely focused on the U.S. economy and the likelihood of a double dip recession. Economic readings only bolstered the bears’ case, as jobless claims surpassed 500,000 for the first time since November 2009 and [...] [...more]
Oil rebounded from a one-month low in New York as the dollar declined against the euro and some investors took the view a drop below $76 a barrel made the commodity attractive to buy. Crude rose for the first time in four days as the euro climbed before a European report forecast to show growth [...] [...more]
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