Crude oil declined with the rise of the dollar
Futures for crude oil prices fell today on Friday, 06/03/2015 at the end of a volatile trading as the dollar rose on speculation to raise US interest rates in the near term after strong data on non-farm payrolls in the United States, which overshadowed the impact of concerns about supplies in Libya and Iraq .
By the end of trading, the futures price for Brent crude oil settled down 75 cents or 1.24 percent to $ 59.73 a barrel.
The price fell US crude West Texas Intermediate settled at US $ 1.15 or 2.27 percent to $ 49.61 a barrel.
Showed acceleration of the rate of employment in the United States in February, data and unemployment rate fell to 5.5 percent in the signs may encourage the Federal Reserve (the US central bank) to consider raising interest rates as soon than expected.
The rise of the US currency makes dollar-denominated oil, which is being circulated by the higher cost to the holders of the euro and other currencies. And jumped the dollar to its highest level in 11 years and a half against the basket of major currencies after US government data showed a decline in the unemployment rate in the United States to its lowest level in six years, many Fed officials and Ncef.oary that the central bank may decide to raise interest rates in June.
The US Labor Department on Friday that the number of jobs in non-agricultural sectors increased 295 thousand jobs last month after rising 239 thousand, according to data adjusted in January. The unemployment rate of 5.7 percent in January. Economists had forecast in a Reuters poll rise in the number of jobs in the US non-farm payrolls 240 thousand jobs in February, while expecting the arrival of the unemployment rate to 5.6 percent.
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