PDA

View Full Version : Crude Oil Falls, Following Stocks Lower, as Dollar Strengthens - Bloomberg



NewsWhore
06-08-2009, 05:21 PM
<img alt="" height="1" width="1">
Crude Oil Falls, Following Stocks Lower, as Dollar Strengthens (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DafPIzAlz3Nh0%26refer%3Daustralia&cid=1257538148&ei=iYMtSu_MDN-dlQfxmf3IBQ&usg=AFQjCNEGjflXzBaO2iW5RBwsbiqFiddREQ)
Bloomberg
Prices declined after stocks dropped and the US currency gained against the euro. The stronger currency undermines demand for dollar-priced assets such as oil and gold. Oil futures touched a seven-month high of $70.32 on June 5 after a Labor Department ...


More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DafPIzAlz3Nh0%26refer%3Daustralia&cid=1257538148&ei=iYMtSu_MDN-dlQfxmf3IBQ&usg=AFQjCNEGjflXzBaO2iW5RBwsbiqFiddREQ)