The oil market ended up the day on a negative note
The oil market ended up the day on a negative note as disappointing US jobless claims and retail sales data fed doubts about the energy demand outlook the day after a government inventory report showed rising fuel stockpiles.
Richard Ilczyszyn, senior market strategist at Lind-Waldock in Chicago said: "The weak dollar helped limit crude losses after the jobless claims report. We think crude should be supported above the September contract's 200-day moving average at $81.09 and trading will probably be cautious ahead of the nonfarm payrolls report."
A barrel of crude oil for September delivery settle down 46 cents to settle at $82.01.
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