Barrel of oil drops to $81 in Asia

October 8, 2010 13:28


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

SINGAPORE  — Oil prices slipped below $81 a barrel Friday in Asia as investors looked to a key monthly jobs report for clues about the strength of the US economy.

Benchmark oil for November delivery was down 76 cents to $80.92 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost $1.56 to settle at $81.67 on Thursday.

Analysts estimate the US economy likely added a net total of 75,000 private sector jobs in September, but that an equal number of temporary Census jobs were lost, leaving the unemployment rate slightly higher at 9.7 percent from 9.6 percent in August.

"There's much uncertainty in the market at the moment with everyone waiting to see what the jobs report says," Sander Capital Advisors said. "We could see a further pull back in the price of oil to close out the week."

Related Content

Breaking news
August 16, 2018
Woman killed in hit and run near Havat Gilad outpost