Detailed text transcripts for TV channel - CNN - 20110509:08:37:00
I'm alison kosik in new york. let's see what's going on with crude oil this day. as you see, almost back to $100. up $2.40 a barrel in electronic trade here in asia. this is after a fairly significant selloff last week on the fears of the u.s. economy, but those jobless numbers with we were talk about earlier, certainly dpirch a little respite. now, the unexpect collapse in oil prices last week certainly caught the world commodity hedge funds off guard. the "financial times" knapp is reporting that clive lost $5 billion. clive was down 8.5% on the week after wait called extraordinary price m...
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