Crude oil prices have crossed the 138-dollar-mark for the first time in New York trading.
This represented a jump by more than ten dollars as the market reacted to a sharp decline in the dollar. The dollar slumped after the Labor Department reported that the US unemployment rate had jumped unexpectedly by a half percentage point to 5.5 percent in May, the steepest increase in more than two decades. The department said most job losses were registered in construction, manufacturing and retail sectors. More than 300,000 jobs have now been lost since the beginning of the year. The figures Deutsche Telekom Share Offer Sparks Full Privatization Rumors ...
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NY governor issues apology in scandal ... will likely fuel speculation that the world's largest economy may be entering a recession.
(Deutsche Welle)
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