06/02/09 The US dollar managed to slide yet again this session as risk appetite continues to flourish.
Tuesday, June 2, 2009
Oil Prices Rise Above $69
06/02/09 Front month crude prices touched above $69 a barrel this session, its highest level for the year.
Weak dollar, China data boost oil prices
Oil prices pushed to new highs for the year yesterday on a weak dollar and new data suggesting manufacturing in China has strengthened. Both of those factors helped send energy prices to record highs last summer.
The national average gasoline price over the weekend rose above $2.50 a gallon for the first time since October.
Benchmark crude oil for July delivery rose $2.27 to settle at $68.58 a barrel on the New York Mercantile Exchange, the highest close since November. On the ICE Futures exchange in London, Brent crude rose $2.45 to settle at $67.97 a barrel.
Source :
Subscribe to:
Comments (Atom)
