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Oil Falls Below 69 Ahead Of EIA Report
LONDON, Aug 12 (Reuters) — Oil slipped towards 69 a barrel on Wednesday, falling for the fifth straight session, as growing concerns about the strength of demand pressured prices ahead of the release of weekly U.S. inventory data.World oil demand growth will be lower in 2010 than previously forecast, the International Energy Agency (IEA)… »
Dollar Falls To 9-month Low On Euro
NEW YORK (Reuters) — The dollar hit a nine-month low against the euro and slipped against the yen Wednesday as investors hoped a slower pace of U.S. private job losses in July hinted at a gradual improvement in the economy.Safe-haven demand earlier lifted the dollar against the euro after reports showed private employers cut more… »
Oil Falls Toward 70 On Higher Crude Supply
LONDON (Reuters) — Oil fell towards 70 a barrel on Wednesday after U.S. government inventory data showed a build in crude stocks and weak economic data raised doubts about oil demand recovery in the world’s largest energy consumer.U.S. light, sweet crude fell 81 cents to 70.61 a barrel, giving away some of the gains that… »
Dollar Falls Against Rivals
LONDON (Reuters) — The dollar fell broadly on Monday as stronger equities and oil prices continued to buoy sentiment, with perceived higher risk currencies such as sterling and the Australian dollar rising sharply.These currencies hit multi-month highs as European shares rose 1.2% and oil prices were above 70 per barrel, keeping investor sentiment towards… »
Gas Falls Below 250 To Lowest Level Since May
NEW YORK: The national average price for gas fell below 2.50 a gallon for the first time since May, motorist group AAA said Thursday, providing a much needed break for cash-strapped drivers.The national average for regular gasoline slid 1.2 cents overnight to 2.492 a gallon, according to AAA’s daily survey of up to 100,000 filling… »
Oil Falls Below 60 On Stocks Inventory Data
LONDON (Reuters) — Oil reversed early gains and dropped below 60 a barrel on Thursday as a downturn in the stock market added to pressure from high oil inventories and persistent concerns about the timing of any economic recovery.Light crude for August delivery fell 45 cents to 59.69 a barrel and was on course… »
Oil Falls Towards 68 On Gasoline Stocks Rise
LONDON (Reuters) — A bigger-than-expected rise in U.S. gasoline stocks and a fresh focus on global financial weakness pushed oil markets down Thursday to around 68 a barrel.For the next clue on the economic health of the world’s top energy consumer, traders were looking to U.S. non-farm payroll data for release on Thursday, expected to… »
Dollar Falls Broadly As Equities Stabilize
NEW YORK (Reuters) — The U.S. dollar fell broadly Tuesday as stabilizing equity markets in Europe and the United States eroded safe-haven flows into the greenback.The euro jumped above 1.40 as financial markets awaited the outcome of a U.S. Federal Reserve policy meeting that concludes Wednesday and a record 104 billion in U.S. debt issuance… »
Oil Falls Below 69 On Stronger Dollar
LONDON (Reuters) — Oil dropped below 69 a barrel on Monday pressured by a stronger dollar and weaker European equities, but attacks on the oil industry in top African exporter Nigeria limited losses.Nigeria’s main militant group said on Sunday it had attacked three oil installations belonging to Royal Dutch Shell in the Niger Delta, widening… »
Dollar Falls On Positive US Data Swiss Franc Falls
NEW YORK (Reuters) — The dollar fell against the euro and higher-yielding currencies Thursday as generally positive U.S. economic data bolstered hopes the world’s largest economy was on a stable path to recovery.Action in the euro was particularly heavy, with the single European currency jumping against the Swiss franc amid speculation the Bank for International… »