Crude Oil Rises in New York Trading as Euro Rebounds From a Six-Month Low

Bloomberg reports that crude oil surged for the first time in three days as the euro rose from a six-month slump.

The market news is quoted as saying:

“If the euro can manage a rally today after the sharp sell-off last week, then crude’s got a base here around $85,” said Richard Ilczyszyn, a Chicago-based senior marketing strategist at MF Global Holdings Ltd. “All eyes are on equities and currencies.”

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