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View Full Version : Oil Trades Near $40 a Barrel on Concern Recession Will Deepen - Bloomberg



NewsWhore
02-23-2009, 02:00 AM
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Oil Trades Near $40 a Barrel on Concern Recession Will Deepen (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601100%26sid%3Dar6gbEGkNcXE%26refer%3Dgermany&cid=1307257857&ei=9DuiSbSeKZuHmQe5kb3HAQ&usg=AFQjCNGDaXuHWALMQwcOZLTef5h3rmZCUA)
Bloomberg
The decline in the US currency draws investors to commodities as an inflation hedge. Asian stocks rose, with the MSCI Asia Pacific Index gaining 1.1 percent to 76.86 at 11:46 am in Tokyo after falling 1.1 percent. The gauge lost 14 percent this year as ...


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