NYMEX Oil Complex Expected to Open Lower, Awaiting Employment Report

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NYMEX Oil Complex Expected to Open Lower, Awaiting Employment Report

February 05, 2010 8:15:AM ET

By John Troland

Houston, TX February 5, 2010 8:15 AM ET
The March NYMEX crude, RBOB gasoline and heating oil contracts, according to our early analysis is expected to open below yesterday's settles. However, there is a possibility we could open higher if today's government January employment report meets or exceeds projections. While the report is expected to keep the unemployment rate steady at 10%, some analysts are predicting at least 15,000 jobs were added in January.
Yesterday, the government's estimate for first.......

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