Hạ Long -

Vietnam Travel

- Halong Cruises - Travel Company In Vietnam - Vietnam Travel Agency - Ẩm thực - Vietnam Tourism -

Travel To Vietnam

- Hotel in halong

Crude prices rebound on weaker dollar

Published: 23/06/2009 05:00

0

187 views

Oil prices rebounded on Tuesday as the U.S. dollar weakened against a basket of major currencies, adding hedge appeal of commodities.

Graphics shows the price of light, sweet crude oil in the past 12 months. Light, sweet crude for August delivery rose 1.74 U.S. U.S. dollars to settle at 69.24 dollars a barrel on the New York Mercantile Exchange on June 23, 2009.(Xinhua Photo)

Light, sweet crude for August delivery gained 1.74 dollars, or 2.6 percent, to settle at 69.24 dollars a barrel on the New York Mercantile Exchange.

The dollar fell the most in a month against the euro on speculation that the Federal Reserve may lower expectations of an interest rate increase this year, which made oil relatively cheaper to the investors holding other currencies. The market now is awaiting the government inventory report due to be released on Wednesday. According to a Reuters poll, analysts predicted the U.S. crude stocks would fall by 1.0 million barrels on lower imports, while gasoline and distillates stocks would rise.

In London, Brent crude for August delivery rose 1.82 dollars, or 2.7 percent, to settle at 68.80 dollars a barrel on the ICE Futures exchange. 　

VietNamNet/Xinhuanet

Provide by Vietnam Travel

Crude prices rebound on weaker dollar - International - News |  vietnam travel company

You can see more



Halong Cruises

Prev Next

enews & updates

Sign up to receive breaking news as well as receive other site updates!

Ads by Adonline

La Belle Vie Hotel