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Saturday, November 21, 2009 9:04 PM

Published 11/04/2009 by iafrica.com


Oil tamed by dollar

Oil fell in Asian trade on Wednesday after overnight gains in commodities buoyed by gold's record breaking price surge, analysts said, as investors turned their focus on to a key US inventory report.

New York's main contract, light sweet crude for December delivery eased...

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What others report on the same story

Oil prices rise before US energy report
World oil prices rose back above 80 dollars on Wednesday as investors turned their attention to an upcoming US energy inventory report.New York's main contract, ... - [11/04/2009 - France24 - Asia Pacific]
Oil slides in Asian trade
SINGAPORE: Oil fell in Asian trade Wednesday after overnight gains in commodities buoyed by gold's record breaking price surge, analysts said, as investors turned ... - [11/04/2009 - The News International]
Oil slides in Asian trade ahead of US energy re... - [11/04/2009 - Times of India]
Oil prices rise before US energy report - [11/04/2009 - Philippine Daily Inquirer]
Oil prices rise before US energy report - [11/04/2009 - France24 - Business]
Oil prices rise before US energy report - [11/04/2009 - France24 - france]
Oil prices rise before US energy report - [11/04/2009 - France24 - europe]
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Quotes

...foreign units. "The US dollar has gotten a little stronger this morning and that may have something to do with crude edging down" said Victor Shum, a...
Oil tamed by dollar [iafrica.com - 11/04/2009]
...top oil user. "When oil gets close to the 80-dollar level and the market tends to focus more on the high inventories of crude oil and fuel globally, it is difficult to surge through 80 dollars and sustain above the 80-dollar level" Shum said...
Oil tamed by dollar [iafrica.com - 11/04/2009]
...Shum said. "The market will also look at the US government inventory report coming out later today" he said. A Dow Jones...
Oil tamed by dollar [iafrica.com - 11/04/2009]

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