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View Full Version : Oil Falls on Signs of Sufficient Supplies After Climbing to 31-Month High - Bloomberg



NewsWhore
04-25-2011, 11:30 PM
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Oil Falls on Signs of Sufficient Supplies After Climbing to 31-Month High (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFDfM3Cdx6nsgGuuEVU-MvjEw6TrQ&url=http://www.bloomberg.com/news/2011-04-25/crude-oil-extends-decline-after-reaching-31-month-high-as-equities-slide.html)
Bloomberg
Oil also dropped as the dollar strengthened against the euro, reducing the appeal of commodities priced in the US currency. “Commodities are getting overvalued so people are taking profits at these levels,” said Tetsu Emori, a commodity fund manager at ...

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