Crude oil for June delivery plunged by US$3.45 to US$82.74 a barrel, breaking a four-day rally. Prices dropped sharply as a stronger dollar, propped by renewed concerns over European sovereign debt annd signals of lower demand that reduced the appeal of buying crude.
For more details on Stronger dollar pulls oil prices down sharply after 4 days of gains click here
Monday, May 10, 2010
Stronger dollar pulls oil prices down sharply after 4 days of gains
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment