Jason Lam is a wireless and open source developer enthusiast who enjoys creating synergy and sharing knowledge in the software development world. As senior wireless developer at QuoteMedia Inc (http://www.quotemedia.com) he leads the development of Quotestream Wireless, a financial wireless streaming application. In his spare time, he contributes to open source projects and online tutorials/articles. One of his significant contributions is his open source book J2ME & Gaming, (http://j2megamingbook.sourceforge.net). To learn more about him, visit his personal site at http://www.jasonlam604.com.
Crude prices rose on Thursday as U.S. economic data came in positive and continuing unrest in the Middle East caused supplies fears. Market sentiment was boosted after the Commerce Department said U.S. gross domestic product expanded at a 2.7 percent annual rate, much faster than 2.0 percent it estimated last month. It was the quickest quarterly growth rate since the fourth quarter of 2011, helped by faster inventory accumulation and export growth, which offset weak consumer spending and a drop in business investment. Meanwhile, a report from the Labor Department added to the upbeat tone. The report showed U.S. initial jobless claims declined 23,000 in the week ended Nov. 24 to 393,000, as effect of Hurricane Sandy faded. Pending home sales climbed 5.2 percent in October, surging to its highest level in more than five years, according to the National Association of Realtors. Traders were closely watching the situation in the Middle East, in particular the viole...
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