Crude oil hits $100/barrel

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Source: Marketwatch

US crude oil futures hit $100-a-barrel at the Asian trade amid rallying Asian stocks, weaker dollar and fears over the Iran oil exports disruption. Light, sweet crude oil futures for February contract jumped to $100.29 a barrel during the electronic trade, adding 1.5% from close on Friday, on the New York Mercantile Exchange.

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Tue, 03 Jan 2012 10:36:10 GMT

Spanish jobless rate climbs for a fifth consecutive month

In December the registered unemployment level in Spain increased for a fifth straight month as the country is facing economic slowdown. The number of jobless individuals increased by 1,897 reaching 4.42 million in December, said Labour Ministry. In November the number of jobless soared by 59,536. Spanish economy is experiencing a contraction during last months as exports and tourism decline. 

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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