US producer price index boosted by gasoline gains

摘要

Without the threat of trading near a major strike on the day NYMEX December crude options expired, a late day short-covering rally was the only notable feature Friday. While the crude market has declined us6.36/bbl to us24.82/bbl Nov 14 from its peak of us31.18 Oct. 1, heady prices have left their imprint on US economic indicators, much to the detriment of the US consumer.