Crude prices edge up after intraday fluctuation

08:26, December 10, 2010      

Email | Print | Subscribe | Comments | Forum 

Crude oil prices ended slightly up on Thursday after a fluctuating trading day between gains and losses.

On Thursday, U.S. economy gave investors more hope with positive employment and wholesale reports.

Labor Department said the number of people filing for jobless claims dropped by 17,000 to a seasonally-adjusted 421,000 in the week ending Dec. 4, the second-lowest level this year.

The four-week average of initial claims, a less-volatile measure, dropped for the fifth straight week to 427,500, which was the lowest in more than two years.

Meanwhile, a separate report from the Commerce Department showed wholesale sales rose 2.2 percent to a seasonally adjusted 362.1 billion U.S. dollars, much more than expected.

But the crude prices followed the U.S stocks'waver, seesawing between 87.71 dollars a barrel to 89.42 dollars a barrel.

Light, sweet crude for January delivery was up 9 cents to 88.37 dollars a barrel on the New York Mercantile Exchange.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion