NYMEX crude opens 11 cents lower on weak US economic data

ns 11 cents lower on weak US economic data

NYMEX crude opens 11 cents lower on weak US economic data

New York (Platts)--7Sep2007

October crude futures on NYMEX opened 11 cents lower at $76.19/barrel.
The contract lost ground on weak unemployment data despite supportive
petroleum fundamentals. 

     The US unemployment rate was virtually unchanged at 4.6% in August but
non-farm payrolls took an unexpected drop by 4,000, according to data released
by the Bureau of Labor Statistics. Heating oil opened 12 points higher at
$2.1380/gal 1.27 cents lower at $1.9590/gal.