Benchmark oil for October delivery was down $3.02 to $83.43 at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude last settled at $86.45 on Friday because U.S. markets were closed Monday for the Labor Day holiday.
In London, Brent crude for October delivery was steady at $110.08 on the ICE Futures exchange.
European and Asian stock markets have sunk so far this week amid growing concern a debt crisis among countries using the euro common currency will undermine economic growth there and around the world.
A stagnant U.S. jobs market is also hurting confidence. The Labor Department said Friday that U.S. employers stopped adding jobs in August and the unemployment rate remained at 9.1 percent.
"Bottom line, it's not unreasonable to suggest the U.S. is in a jobs depression," energy consultant The Schork Group said in a report.
President Barack Obama is scheduled to announce new policy measures to spark job creation in a speech Thursday.
In other Nymex trading for October contracts, heating oil fell 5.1 cents at $2.95 per gallon and gasoline futures dropped 6.1 cents at $2.78 per gallon. Natural gas for October delivery slid 0.4 cent to $3.87 per 1,000 cubic feet.
Nymex crude oil september 6 2011, crude oil prices september 6 2011, wil oil price down sept 6 2011, gasoline futures prices, crude oil futures prices september 6 2011, heating oil prices sept 6 2011, natural gas prices september 6 2011.
For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
oil
- crude oil futures prices today have advanced
- WTI Crude Oil prices expected october 23 2012
- Crude oil futures forecast week oct 15-19 2012
- Crude oil futures prices october 2 2012
- Technical prediction Crude oil october 1-5 2012
- Crude oil futures prices september 28 2012
- Crude oil futures prices september 27 2012
- Crude oil futures prices down september 26 2012
- crude oil futures prices for 25/9/2012
- Why Crude oil futures down september 24 2012
- Crude oil prices for week september 24-28 2012
- India fuel consumption august 2012
- Crude oil futures prices for 9/21/2012
- Why Crude oil prices down september 18 2012
- Crude oil prices forecast september 17-21 2012
- Crude oil futures fell september 11 2012
- Crude oil futures down september 10 2012
- Crude oil prices for september 10-14 2012
- Crude oil futures september 3 2012
- Crude oil futures prices forecast september 3-7, 2012
- EIA expects oil prices for 2012 - 2013
- Crude oil price forecasts 2012 - 2013
- Brent crude futures ahead of Bernanke speech 8/31/2012
- Crude oil futures prices outlook 8/31/2012
- Crude oil futures prices outlook 8-30-2012
No comments:
Post a Comment