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| Brent Crude Up on Better-than-Expected US Nonfarm Payrolls Posted: 07 Dec 2012 02:47 PM PST Futures for Brent grade of crude oil gained today as US nonfarm payrolls were better than market analysts have anticipated. US employers added 146,000 in November, compared to the median estimate of 89,000. The unemployment rate unexpectedly dropped from 7.9 percent to 7.7 percent. The US economy is not out of the woods yet as the threat of the fiscal cliff looms on the horizon. Europe is in trouble too and Germany’s Bundesbank added to concerns [...] |
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