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Seems that oil watchers are paying more attention to currency trades than anything else these days.
Benchmark crude for July delivery fell $1.42 to settle at $70.62 Monday on the New York Mercantile Exchange thanks to a surging dollar. But oil prices rose close to $72 on Tuesday as the dollar lost some steam and investors sought refuge in the commodity once again. Crude oil rose $1.23 to $71.85.
The dollar got a boost over the weekend after Russian Finance Minister Alexei Kudrin gave confidence to dollar backers. He said the dollar's role as the main currency reserve wasn't likely to change, despite Russian and Chinese officials' repeated comments for an alternative. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
|
UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |
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