Bloomberg News

Crude Oil Pares Gain in New York as Jobless Claims Increase

September 15, 2011

Sept. 15 (Bloomberg) -- Crude oil pared gains in New York after a report showed initial jobless claims in the U.S. unexpectedly rose last week to the highest level since June.

Oil for October deliver was up 7 cents at $88.98 a barrel at 1:36 p.m. London time after rising as high as $89.61.

To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net


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