Daily Crude Oil Fundamental Analysis February 06, 2012
By FXEmpire.com – Analysis and Recommendations:
Crude Oil is currently trading at 97.78 up 1.42
Unexpected good news in the USA today. The US added 243,000 jobs as reported by the Labor Department for the first time since April. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.This was the boost the US needed to signal that the economy was recovering. The possibility of improved growth in the US will signal more consumption and demand for oil, pushing the black gold up.
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