Jeff Greenhut is founder and president of somedevelopers inc. (http://www.somedevelopers.com), a provider of mobile applications for the BlackBerry. After graduating from the State University of New York at Binghamton with a National Merit Scholarship, Jeff has built flight simulators, storage solutions, and accounting software. When not working with computers, Jeff can typically be found working with computers, playing ice hockey, or floating on the lake with BlackBerry in hand. Jeff is married, has two young girls, and lives in the Atlanta, Georgia area.
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...
Comments