The Market Update

High Crude Oil Prices? It's the Fed, Stupid

Stock quotes in this article: XOM , CVX , MER , GM , MBI , ABK  

Anthony Crescenzi, chief bond market strategist with Miller Tabak and a contributor to RealMoney.com, said in a note Thursday that the dollar was declining in response to lowered expectations for rate hikes from the Fed.

"Weakness in equities is spurring a flight into investment strategies that are working, such as buying commodities," said Crescenzi.
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Dow Jones S&P 500 NASDAQ 10-Year Note
10,023.42 1,069.30 2,112.44 35.03
Oil *
76.05
UP
17.46
UP
2.67
UP
7.12
DOWN
0.30
10 Yr
3.50%
SPDR Gold
107.43
+0.17%
+0.25%
+0.34%
-0.85%
Data delayed 20 minutes

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