Jobless claims dipped since US employers maintain holiday workers

Source: Bloomberg
Fewer Americans applied for unemployment benefits, since the labour market forces employers to hold seasonal workers due to the economic expansion and an increase in consumer spending. As a result, jobless claims slipped to 294,000 during the week ended on 3rd of January. The necessity to keep employees may compel companies to raise wages. The previous week's figure was 298,000 claims. 
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Fri, 09 Jan 2015 13:54:18 GMT

Oil climbs for third day on signs of slowing US shale boom

Oil continued its gain on speculation of slowing US shale boom that could reduce global glut, which has driven prices to the weakest in more than five years. Oil futures added 1.7% in New York, cooling a seventh weekly drop, and WTI crude for February settlement rose 82% to $49.61 a barrel and traded at $49.05 in Singapore.

Fri, 09 Jan 2015 06:28:04 GMT

OPEC would not cut oil extraction, even if oil drops below $50

OPEC countries are not planning an oil output cut in order to underpin the prices. Benchmark Brent fell to $49.66, the lowest level since April 2009, and then retreating back to $51 on 8th of January. Meanwhile, OPEC predicted a growing production surplus, taking into account increasing production levels and slowing growth in global demand.

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