男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
WORLD> America
Oil's biggest day drags down US stocks
(Agencies)
Updated: 2008-06-07 09:10

NEW YORK -- Oil prices made their biggest single-day leap ever Friday, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more record gas prices by the Fourth of July.

The meteoric rise of nearly $11 for the day piled atop an increase of almost $5.50 the day before, taking oil futures more than 13 percent higher in just two days, easily a record on the New York Mercantile Exchange.

And those weren't the only stunning numbers of the day: The US government also reported the country's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years.


Oil rigs extract petroleum in Culver City near Los Angeles, April 2008. World oil prices paused close to 128 dollars per barrel as traders monitored ongoing supply concerns alongside fresh hints that OPEC could pump more crude. [Agencies]

Oil settled at $138.54, a rise of more than 8 percent. The surged came after Morgan Stanley analyst Ole Slorer predicted the prices could hit $150 by Independence Day, when millions of Americans take to the roads.

That means no end in sight for spiraling gas prices, already above $4 per gallon in much of the country.

Even longtime market observers were shocked by the magnitude and speed of oil's rally.

"We're into unchartered territory, and somewhat off the map as far as historical precedents are concerned," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.

Besides the jump in the unemployment rate, the US Labor Department said employers had cut 49,000 jobs in May, the fifth straight month of nationwide losses. Job losses for the year reached 324,000.

The White House said US President Bush was considering further plans to help energize the economy, already teetering on the edge of recession and crippled by a tumbling housing market and other factors.

On Wall Street, the Dow plunged 394.64 points, more than 3 percent, to close at 12,209.81, the biggest drop in more than 15 months in both percentage and points terms.

Wall Street had managed to shrug off oil's advance on Thursday but succumbed to extreme anxiety Friday.

The stock market's great concern of late has been whether consumers would curb their spending on non-essentials as they were forced to pay more for gas and other staples.

The previously unthinkable idea of $150 oil, and gasoline that will keep climbing above $4, made it clear to investors that consumers would be forced to be even more conservative than they have been in recent months.

Before Thursday, oil had receded nearly $13 a barrel from its highs, a respite from its nearly record-every-day march. But the end of the week sent it right back up again.

The burst in oil prices also raised the prospect of accelerating inflation by adding to already strained transportation costs -- which will send prices higher throughout the economy.

   Previous page 1 2 Next Page  
主站蜘蛛池模板: 兴海县| 锦屏县| 安多县| 恩平市| 苍山县| 龙口市| 广饶县| 临沂市| 贡山| 锦屏县| 甘孜| 靖安县| 澜沧| 将乐县| 长沙县| 布尔津县| 商丘市| 历史| 巴南区| 义乌市| 宁河县| 怀柔区| 嘉禾县| 凭祥市| 廉江市| 保定市| 益阳市| 塔城市| 搜索| 宝清县| 池州市| 兰溪市| 浑源县| 恭城| 奇台县| 临西县| 宜城市| 淮阳县| 平泉县| 十堰市| 米林县| 上杭县| 泌阳县| 山阴县| 岐山县| 保康县| 湖州市| 会泽县| 姜堰市| 文登市| 鄄城县| 青海省| 巴南区| 永川市| 马尔康县| 宁陕县| 西乡县| 鲁甸县| 安庆市| 常山县| 麦盖提县| 塘沽区| 吴川市| 工布江达县| 彭阳县| 固始县| 合江县| 沽源县| 新野县| 益阳市| 资阳市| 玛沁县| 海南省| 会同县| 若尔盖县| 托克逊县| 贡嘎县| 大足县| 余姚市| 西吉县| 福安市| 南江县|