Crude oil prices forecast november 7 2011

Crude oil prices forecast november 7 2011 : Crude oil prices were slightly lower on Friday, as the infamous U.S. jobs report showed employers added 80 thousand jobs in October below median estimates of 95 thousand jobs, but unemployment dropped unexpectedly to 9.0% from 9.1%.

Moreover, jitters from Europe continued to dominate the global scene on Friday, where traders were still concerned that Greece could be heading into a disorderly default, and that possibility that the debt crisis could spread into other nations in the euro zone region.

Traders will continue to monitor the developments from Europe regarding the debt crisis, especially amid the lack of major economic data from the United States, but overall, we expect crude oil prices to remain under pressure.

Monday November 07:
At 20:00 GMT the United States is expected to release the consumer credit figure for September, which could have improved to $5.100 billion from -$9.501 billion. For the latest updates PRESS CTR + D or visit Stock Market news Today

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