$A higher at noon

OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data

By: azhar12

Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...

18 days ago

OIL FUTURES: Oil Tops $80/Bbl On US Gasoline, Crude Stock Draw

By: dustgeer

Crude futures are higher Wednesday, briefly piercing $80 a barrel, after the release of U.S. inventory data that showed a sharp draw in gasoline stocks and a decline in crude stocks. Light, sweet crude for December delivery recently traded 77 cents, or 1%, higher at $79.91 a barrel on the New York Mercantile Exchange, having hit an intraday ...

17 days ago

Dollar Gain on Dubai Debt Crisis

By: ASMASH

  TThe dollar, which was low yielding since last many months, rose against most major currencies after Dubai’s attempt to holdup debt. This situation stimulated investors to sell higher-yielding assets backed by the currency. The yen declined against the dollar after touching a 14- year high on speculation Japan will intervene ...

8 days ago

The Falling U.S. Dollar Is A Good Thing

By: amalgam80

The strength of the U.S. dollar is in trouble. In March a $1.25 bought you 1 euro, now it takes $1.50. But I’m here to tell you that this may not be a bad thing, at this time.   Over the long term, a weaker dollar could narrow the long-running United States trade deficit, helping close the gap between exports and imports, as American ...

about 1 month ago