Wednesday, February 10, 2010

Dollar weakens, equities strengthen, oil rises from 7 week lows

Crude oil for March delivery rose by over a dollar to US$72.3 a barrel on the Nymex, and to US$71.6 in London. Late last week, the contract fell to the lowest settlement since Dec. 15, as higher-than--forecast job losses in USA depressed global stock markets and commodity prices.

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