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Crude Oil Rises in New York Trading as Euro Rebounds From a Six-Month Low
Sep. 12, 2011 11:57AM PST
Resource Investing News Bloomberg reports that crude oil surged for the first time in three days as the euro rose from a six-month slump.
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.”