Oil Reaches YTD High of Over $75 Per Barrel
Oil Reached a YTD High of over $75usd Per Barrel today. Thew Dollar index has fallen lower and helped bring up the price of commodities in general. Meanwhile the Dow Jones Industrial Average has made a new YTD high crossing the psychologically significant 10,000 mark which also helped oil. Gold is now trading nearly even today after falling a bit in the opening hours of trading. As economic data improves oil, as well as of commodities, has more upside.
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Gold Reaches All TIme High of $1061.12
Gold reached another all time high, this time reaching over $1,058usd in pretrading today. Meanwhile the U.S. Dollar is near its YTD low. Gold has been rallying for the past 5 days in a row and is up over 20% for the year as well. Analyst and investors are calling this a technical breakout from golds previous trading ranges and expect gold to rise ...
about 1 month ago
- News Source: CNN | about 1 month agoOil prices surged above $75 a barrel Wednesday for the first time this year as the dollar remained weak and investors bet that global energy demand is poised to recover. Crude for November delivery was up 73 cents to $74.88 a barrel. Oil topped $75.
- News Source: International Business Times | about 1 month agoThe Organization of the Petroleum Exporting Countries said a recovering world economy is expected to boost world crude demand by 700,000 barrels per day next year, to almost 85 million barrels a day...U.S. crude rose 88 cents to settle at $74.15 a...
- Blog Source: blog.taragana.comGold touches fresh high even as dollar rises. NEW YORK — Gold prices have extended their rally, climbing to fresh highs even as the dollar recoups some of its losses. Oil prices are down after a government report showed an oversupply of gasoline,
- Blog Source: www.marketguru.comAs for basic commodities, demand is weak and supplies large due to the global depression. People who say gold is not useful simply do not understand the utility of money. Gold has been money for 5000 years, which makes it very ... It's like people
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@NYTimesKristof nytimeskristof: RT @brianstelter NY Times Co. reports $35m Q3 loss as paper ad revenue fell nearly 30 percent. It beat expectations. http://bit.ly/3KJefA
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@SuzWoolley Always thot this a sick phrase but what a visual: “Even a dead cat will bounce, if you throw it off a skyscraper” http://tinyurl.com/yhpfbjw
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@businessed @mattkrantz (via @MuckRack) So how many times has the Dow crossed 10,000?
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@peteramckay Dow's path to 10000 today was relatively easy. Little testing/pullback along the way. http://bit.ly/19jn8M #MKT $$
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@ericbolling Dow 10k...you knew it? tell us whats NEXT!! 8k? 12k?
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@idesk iDeskCNN: Dow closes above 10,000 www.cnn.com
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