Crude Slides as Dollar Improves on US Unemployment Data

摘要

US unemployment statistics for November released Friday revealed the fewest number of job losses since the start of the recession and initially spurred a rally in crude oil markets. Labor market improvements also strengthened the dollar, however, which led prices toward a negative close. The third-consecutive losing session placed additional pressure on recent support levels. Heavy volumes, approaching a record for prompt Brent, suggested a sizeable battle between sellers and those holding up the market's floor.