Spot Crude Oil Falls on Mixed U.S. Economic Data

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Mon, Jun 21, 2010

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Oil and Gas Researcher

Ibtimes.com reported on Spot Crude Oil Falls on Mixed U.S. Economic Data:

U.S. Core CPI came in as forecasted at 0.1%. The current account was better than expected, coming in lower at -109B on expectations of -120B. However, weekly unemployment claims were higher than expected at 472K on forecasts of only 452K. The Philly Fed Manufacturing Index was also significantly lower at 8.0 with a forecasted value of 21.1.

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