SUBSCRIBE TO FEEDUS retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s.
US jobless claims numbers helped encourage investors this week that the largest remaining hurdle to economic recovery may be seeing improvement.
Another catalyst for the recent firming in oil prices has been data showing that trade in China is expanding tremendously, helping to offset …Forex Rate – Forex and Exchange rates
Despite poor retail sales, oil prices near $75
June 11, 2010
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