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View Full Version : Oil Rises Above $40 as US May Prevent Further Bank Failures - Bloomberg



NewsWhore
02-23-2009, 04:16 AM
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Oil Rises Above $40 as US May Prevent Further Bank Failures (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaVGUIG91ITjU%26refer%3Dindia&cid=1307257857&ei=zVuiSfCPJ4aaMoPg5LEC&usg=AFQjCNEh0mdmy8O9xd8dOE5oxTMKnbfAtg)
Bloomberg
The decline in the US currency prompts investors to buy commodities as an inflation hedge. The dollar dropped to $1.2886 per euro as of 2:24 pm in Tokyo from $1.2826 late in New York on Feb. 20. It weakened to Iran, Venezuela and Iraq said last week ...


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