Crude Oil Drops Most in Three Weeks as Dollar Gains Versus Euro


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Inventory Increase Sees Oil Prices Soar

New data on the level of crude supplies was released by the Energy Information Administration today and helped oil prices cruise to their highest level of 2010, before a quick pullback later in the trading session.

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Risk-Aversion Drags Euro Lower

3/18/2010 5:00 AM: EUR/$..1.3667 $/JPY..89.88 GBP/$..1.5262 $/CHF..1.0582 AUD/$..0.9208 $/CAD..1.0106

The dollar and yen were higher in early Thursday trading amid speculation that Greece may seek help from the IMF — sparking fears that next week’s EU Summit meeting will provide little support to the sovereign-debt crisis. Heightened risk aversion pushed the euro lower, relinquishing the 1.37-handle against the dollar and sliding beneath the 123-level versus the yen. Gains in crude oil stalled in the overnight session, drifting back toward the $82-per barrel level and lower by almost 1% to $82.16.[More...]

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Bullish Outlook Triggers Surge In British Pound

The U.S. Dollar is trading lower overnight. This is triggering an increase in demand for higher risk assets such as equities, gold and crude oil[More...]

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Riskier Assets In Demand; Europe Debt Worries Remain

Investors raised their appetite for riskier assets during yesterday’s trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were the AUD and CAD, both currencies are linked to commodities, in particular crude oil. Crude oil had recently gained in positive momentum, although it closed slightly lower yesterday. The question remains whether the EUR and GBP will attract some of the appetite for riskier assets.[More...]

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Demand For Riskier Assets Firms; Dollar Feeling Pressure

Firmer stock indices, gold and crude oil are indicating that trader demand for risk could be up today which could pressure the Dollar versus commodity-linked currencies.[More...]

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Riskier Assets in Demand; Europe Debt Worries Remain

Riskier Assets in Demand; Europe Debt Worries Remain
Investors raised their appetite for riskier assets during yesterday’s trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were …

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Understanding And Investing In Oil Stocks Trading

The small investor is able to invest in a variety of oil stocks. Oil companies drill for oil, refine oil into fuel, like gasoline, and then sell the products to the consumers. The larger companies are fully integrated, and the smaller ones find the oil and gas and refine it.

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