Story by Superior Auto Institute / www.nodents.com
Oil prices increased on Thursday October 29th, improving the cost of oil up to $79 a barrel. In Europe, bench mark crude December delivery had jumped to $1.51 to $78.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell by $2.09 making the settling price $77.46 on Wednesday.
Friday November 6th, oil prices fell again this time $2.00 below the current bring the total amount to $75.87 after the report was released that the unemployment rate had increased to 10.2 percent the highest since 1983.
Over 16 million American’s are unemployed which means the cause for petroleum had decreased making many traders believe that this will change any time soon as long as unemployment continues to rise.
Any crude prices have already shed what they have gained earlier this week, but financial reports showed that consumers were spending more while employers were compressing additional profitability out of their employees.
Oil prices are continuing to drop because the recession has left many people jobless which in turn leaves no extra money to spend on anything. Most people cannot even afford to pay their mortgage or rent. Even after weather forecasters said that tropical storms would be heading through the Gulf of Mexico, prices dropped.
With unemployment rising more and more each month, American’s are wondering what they are going to do as far as work. Those who still have jobs worry daily if their job is stable or if they will be sent home as well.
Obama signed a bill on November 6th that will help those who are receiving unemployment benefits receive more over the 22 weeks, but then what happens once that is gone?
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Paintless Dent Repair could be the key that opens a lock to your future happiness. Becoming a technician is worth the time spent learning, the money spent on the course and tools and worth the career gained from it. You will be training on vehicles in a car auction setting, not in a classroom which means you get real hands on experience. What could be better than that?
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