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View Full Version : Oil Slumps to Four-Month Low on U.S. Jobs, European Elections - Bloomberg



NewsWhore
05-06-2012, 11:40 PM
Oil Slumps to Four-Month Low on U.S. Jobs, European Elections (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGKSHWXFnUHskestWD9P6GU_x6Z-g&url=http://www.bloomberg.com/news/2012-05-06/oil-slumps-to-four-month-low-on-u-s-jobs-european-elections.html)
Bloomberg
That makes oil, denominated in US dollars, more expensive for investors holding the European currency. A Hollande win is “bearish for the euro and that would be bearish for oil,” Glen Ward, the Dubai-based business development manager at online ...

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