New York crude oil futures prices closed at 6-week low
YORK August 20 morning news, New York crude oil futures prices Thursday closed down to 6 weeks, the lowest level, because according to the macro-economic report released today, the growth rate of the U.S. economy is inclined slower than earlier this year on.
day, New York crude oil futures prices opened higher, but then turned down because, according to a report released by the U.S. Department of Labor, the number of applications for unemployment benefits unexpectedly increased to 9-month high. Since then other reports released show Philadelphia area manufacturing activity has slowed, and leading indicators of economic growth slow to promote further decline in crude oil prices.
the New York Mercantile Exchange (NYMEX) 9 front-month contract, light sweet crude fell 99 cents today to close at 74.43 U.S. dollars a barrel, down 1.3%, the highest since July 7 the lowest since closing price. (Jin-liang)
