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Crude Oil Takes A Hit As US Dollar Gains Ground
Thursday, January 21, 2010 - 3:25pm | 101Crude oil today fell the most in the week, with the US dollar strengthening further, reducing the appeal of commodities. Speculations of an increase in US inventories also exerted pressure on oil prices. Oil dropped up to 2.6% today, as the US dollar climbed against the euro after Greece's bonds...
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Asian Dragon Concerns Exert Pressure On Oil Futures
Wednesday, January 20, 2010 - 1:51pm | 169A report in the China Securities Journal renewed investor concerns over a potential slowdown in commodity demand, prompting them to shed riskier assets and scurry for safe investments. A strengthening of the greenback added to the pressure, resulting in crude futures sliding today. Light, sweet...
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Crude Oil Futures Lose Ground On Stock Buildup
Wednesday, January 13, 2010 - 8:07am | 109Crude oil futures extended their losses for a third day today after industry data indicated that distillate stocks, including heating oil, increased unexpectedly, despite cold weather conditions. Worries that tighter credit in China might curb the commodity appetite of the world’s second largest...
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US Data Abruptly Ends Rally in Crude Oil Futures
Wednesday, January 6, 2010 - 8:40am | 134Crude oil futures remained below $82 after the fresh weekly US distillate data reflected a decline in US crude stockpiles. With the weather department forecasting below normal temperatures until January 15 for the US Northeast, which consumes about four-fifths of the country’s heating oil, the...