Crude oil rides up on stocks' coattails

OIL FUTURES: Oil Dips; Weaker Fundamentals, Dollar Considered

By: azhar12

Crude futures fell Wednesday, as oil market participants considered the weaker overtones of the U.S oil supply and demand picture despite an early rally on inventory draws. Light, sweet crude for December delivery recently traded 29 cents, or 0.4%, lower at $78.85 a barrel on the New York Mercantile Exchange, having hit an intraday peak of $80....

8 days ago

Nikkei slumps to 2-month closing low on yen surge

By: dustgeer

Japan's Nikkei average slid 2.5 percent to its lowest close in two months on Monday, as a surge in the yen hit shares of exporters such as Tokyo Electron (8035.T.The yen jumped to an eight-month high against the dollar of 88.23 yen on Monday, putting heavy pressure on the exporter-heavy Nikkei .N225, as a rise in the yen eats into exporters' ...

2 months ago

Robert Fisk on the demise of the dollar.

By: northsunm32

Maybe it is more like the dollar doldrums as the currency weakens against many other currencies but it is probably early to announce its demise, that will be a slow and longer term process but inevitable it would seem. As the dollar weakens it will actually help some US companies that have a lot of sales overseas, even companies such as ...

about 1 month ago