Top Videos: Oil, Jobs, Wal-Mart...and Oil

Brian Clark,|Senior Video Producer
Friday, 6 Jun 2008 | 3:09 PM ET

It’s all about oil, as the dollar fell and crude prices shot up to more than $138 a barrel on Friday.

Jobs Report & Oil
Discussing the employment numbers and soaring oil, with Joseph LaVorgna, Deutsche Bank; Addison Armstrong, Tradition Energy and CNBC's Larry Kudlow

Oil's Gusher

Israel issues comments on the inevitability of an attack on Iran's nuclear program and Morgan Stanley points out that U.S. inventories are down 35 million barrels since March. Not coincidentally, oil is up almost 5 percent on the day, 40 percent for the year...so far.

US Light Sweet Crude .

London Brent Crude .

US Jobs Weaken in May
US unemployment reached its highest level in more than 3-1/2 years in May, underscoring the persistent risk of recession. Julia Coronado from Barclays Capital and Steven Pearson from Bank of Scotland Treasury discuss.

Jobless Claims Climb

But it’s not just oil that’s driving the markets down. This morning’s unemployment number showed its biggest leap since 1986, to 5.5 percent. Mix that with oil and the result is predictable: the Dow was down 259 points by noon.

Wal-Mart Spreads Its Low-Price Gospel

While the markets were down, Wal-Mart’s annual shareholder/revival meeting was upbeat and gave CEO Lee Scott an opportunity to push the company’s mission of “saving people money so they can live better.” Attendees were treated to an appearance from Queen Latifah as well as country singer Tim McGraw.

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