Oil prices had perforated 70 Dollars

New York oil prices down again, after having had time to go through 70 U.S. dollars per barrel for the first time in seven months. Contract main measure New York, crude oil type of "light sweet" for delivery in July, closed at 68.44 U.S. dollars, down 34 cents, after the jump to be 70.32 U.S. dollars per barrel, the highest level since 4 November 2008.

Meanwhile, crude oil "Brent North Sea for delivery in July, down 37 cents to be 68.34 U.S. dollars per barrel in London, after reaching the highest position of 69.91 U.S. dollars.

The analyst said, surprising increase in U.S. dollar after the U.S. jobs report positive effect dragged down oil prices. Dollar is often considered as a safe haven or a safe haven when economic ferment, have fallen in the middle of the data that show signals of economic recovery.

John Kilduff of MF Global, said the market was facing a very strong rally from the dollar that will result in losses for crude oil. "But the reaction was overcome by a variety of reports on U.S. employment."

Kilduff said, after the U.S. dollar exceeded 70, there are estimated to hit the action taken in large amounts.

U.S. Department of Labor on Friday (5 / 6) reported the U.S. unemployment rate jumped to the highest position in 26 years, ie, 9.4 percent in May. While the number of job loss slowed better estimates of 345,000.

The report is considered as one of the best indicators of economic momentum and offer a signal as opposed to the weakening job market, but give the impression that the rate decreased by trimming workers appear. This is considered a positive signal for the economic recession digempur.