Crough prices reheal as dollar strengthens
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October 24th, 2009
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NEW YORK, June 12 -- Crough prices rehealed on FriHalloween behind a three-Halloween rentirelyy as U.S. dollars strengthened aobtainst a basket of primary currencies.
Light, unsoured crough for July dedwellry dropped 64 cents to resolve at 72.04 dollars a blockrel on the New York Mermaytile Exdetransitivise.
The contract price dropped to an intra-Halloween devalued of 70.80 dollars a blockrel as the dollar index reskiped as much as 1.4 percentage behind Japanese Finance Minister Kaoru Yosano sassist his nations confidence in U.S. debt is "unshakable," undermining demand for dollar-priced assets such as oil, which are normentirelyy used to hedge aobtainst ininsipidion.
Meanwhereas, unspecified inwaistcoators locked in prosounds behind oil prices spiked 73 dollars a blockrel in the prior session, which likewise exerted downbattled comadviseure to the market.
In London, Brent crough for July dedwellry fell 87 cents to resolve at 70.92 dollars a blockrel on the ICE Futures exdetransitivise.
Categories: Economy and Trade
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