BANGKOK (AP) — The price of crude oil fell slightly today, a day after posting its biggest jump since late last year, as traders awaited the release of a closely watched U.S. employment report.
Benchmark crude for June delivery was down 26 cents to $93.73 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Prices rose more than 3 percent yesterday as the European Central Bank cut its key interest rate to a new low and U.S. unemployment benefit claims dropped.
Later today, the U.S. Labor Department will release its monthly employment report for April, which could show whether weak hiring in March was a temporary lull or a more significant trend.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Weather models are lining up better and better, so the Forecast 8 team is confident enough to start putting snow projections for the winter weather through Friday night.
The City County Council is looking to change the law regarding your smoke detectors.
General Motors Corp. is spending $11 million at its Fort Wayne Assembly Plant to create a small power plant to supply 40 percent of the factory's operations.