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Oil Rises Above 69 On Wall Street Gains
NEW YORK (Reuters) — Oil rose to over 69 a barrel Tuesday as stronger-than-expected earnings results lifted equities and boosted optimism about the economy.U.S. crude for September delivery rose 2.44 to settle at 69.19 a barrel with further support coming from the weaker dollar. “We are just taking our cues from the S&P and the… »
Oil Rises US GDP Data Stokes Optimism
NEW YORK (Reuters) — Oil rose after data showed the U.S. economy shrunk less than expected in the second quarter, raising hopes the recession was easing.U.S. light crude traded up 87 cents to 67.81 a barrel, reversing earlier losses that sent prices as low as 64.96. U.S. gross domestic product fell at a 1.0% annual… »
Dollar Rises On China Stocks Slide US Data
NEW YORK (Reuters) — The dollar rose broadly Wednesday, as a sell-off in Shanghai’s stock market and a weaker-than-expected U.S. durable goods report revived safe-haven demand for the greenback.Falls in U.S. equities and a 5% slide in China’s benchmark stock market, the Shanghai Composite Index, cut investors’ appetite for risk. That helped the dollar recover… »
Dollar Rises From 2009 Low After US Consumer Data
NEW YORK (Reuters) — The dollar rebounded from its lowest level this year versus a basket of currencies Tuesday as weaker U.S. consumer confidence data rekindled worries about the economy, enhancing the greenback’s safe-haven allure.The yen also rallied across-the-board as U.S. stocks fell and investors dumped riskier assets.U.S. consumer confidence fell more than expected in… »
Oil Rises Above 63 After US Housing Data
NEW YORK (Reuters) — Oil rose above 63 a barrel Friday, on track for its first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.Oil rose for a fifth day and was on track for a gain of 5.6% on the… »
Dollar Rises Vs Euro Falls Vs Yen
NEW YORK (Reuters) — The dollar dipped against the yen but edged up against the euro Tuesday as U.S. retail sales and producer price data beat expectations but anxiety about U.S. corporate earnings kept investors cautious.A 33% rise in Goldman Sachs Group’s (GS, Fortune 500) quarterly earnings also lifted some spirits, though market participants remained… »
Dollar Rises On Housing Report
NEW YORK (Reuters) — The dollar rose against the euro and the yen on Tuesday after a report showed a smaller-than-expected dip in U.S. home prices in April, suggesting some stabilization in the housing sector.Analysts said the dollar is beginning to benefit from an upbeat view on the prospects of a nascent global economic… »
Oil Rises Over 71 After Nigerian Attack Reports
LONDON (Reuters) — Oil rose to 71 a barrel Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield and as equity markets rallied on optimism the global recession was easing.The move in oil followed a 2% gain on Thursday and put it on course for a 7% gain… »
Oil Rises Toward 70 After Nigeria Militant Group Attack
LONDON (Reuters) — Oil rose toward 70 a barrel on Thursday after Nigeria’s main militant group shut down one of Royal Dutch Shell’s pipeline junction points, heightening concerns about supplies from the region.U.S. crude futures for August gained 84 cents to 69.51 a barrel, having earlier come within 25 cents of 70 a barrel. In… »
Oil Rises Above 68 Dollar Supports
LONDON (Reuters) — Oil rose above 68 a barrel on Tuesday, reversing earlier losses, supported by a weaker dollar and ahead of inventory data expected to show a fall in crude stocks.U.S. crude for August was up 58 cents at 68.08, off an earlier low of 66.37. U.S. crude for July delivery expired on Monday,… »