Crude Oil Rises in New York Trading as Euro Rebounds From a Six-Month Low
Sep. 12, 2011 11:57AM PST
Energy InvestingBloomberg 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.”
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1763.20 | +3.13 | |
| Silver | 21.07 | +0.11 | |
| Copper | 3.70 | +0.01 | |
| Palladium | 2025.50 | +17.50 | |
| Platinum | 988.83 | +7.33 | |
| Oil | 82.49 | +0.85 | |
| Heating Oil | 3.41 | +0.01 | |
| Natural Gas | 6.34 | -0.03 | |
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