AP Attributes Oil Price Hike To US Jobs Numbers
from Sweetness and Light
Jul 08 2013 6:50 AM
From a shameless Associated Press:
Oil extends gains above $103 after US hiring jump
BANGKOK (AP) — The price of oil extended gains above $103 a barrel Monday after a stronger-than-expected jump in U.S. hiring suggested demand for fuels will increase.
This is a small blurb from the AP. But it’s very telling about their mindset. Every bit of news, good or bad, must be put into the service of making Obama look good. No matter how big a stretch they have to make.
Benchmark crude for August delivery was up 18 cents at $103.40 at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
The contract on Friday jumped $1.98 to close at $103.22 in New York after the Labor Department reported that U.S.