WHY? Jobless good, crude down

Discussion in 'Wall St. News' started by belmondo, Jan 20, 2011.

  1. belmondo


    Why crude oil futures is lower after jobless claims? thank you
  2. JamesL


    Since this is new claims, less people driving to local unemployment office to file.

  3. Ash1972


    WHY??? The eternal cry of the confused fundamentalist..
  4. 4EXJOE


  5. Many unemployed people who had been daytrading energy and stock index futures are selling out of their positions before starting their new jobs. :cool:
  6. clacy


    A down tick in claims doesn't really change the employment situation materially, so crude shrugs it.

    It just isn't as easy as good news = crude up, bad news = crude down.
  7. Look to China for all things crude related.
  8. The answer to every question is......"China". :( :cool:
  9. heech


    WTI and Brent spread?
  10. "They" are favoring Brent over WTI in order to piss off the US. :eek: :( :cool:
    #10     Jan 21, 2011