Login
|
Oil declined, headed for a weekly drop, on forecasts that a U.S. government report will show the jobless rate rose in August for the first time in four months, threatening the recovery in fuel demand. Futures are down 0.4 percent this week while analysts estimate the August payrolls report from the Labor Department will show the U.S. economy lost 105,000 jobs, according to a Bloomberg survey. Crude gained yesterday after an fire on a Gulf of Mexico oil and natural-gas platform prompted speculation that tighter regulations will cut production. |


