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View Full Version : Crude Oil Falls as Traders Sell Contracts to Lock in Gains - Bloomberg



NewsWhore
06-02-2009, 09:00 PM
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Crude Oil Falls as Traders Sell Contracts to Lock in Gains (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaZC7wdV5yX.U%26refer%3Daustralia&cid=1251569581&ei=uM0lSqLuC8Wr_gaampDPBw&usg=AFQjCNHTQvaWePZbmr4TqjujMEUsKPnjfQ)
Bloomberg
Oil had gained late in trading yesterday as the dollar declined on speculation record US borrowing will undermine the currency. Investors who made bets that prices will rise, or so- called long positions, need to sell their contracts to record profits. ...


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