ZLBT Chats

Monday, September 27, 2010

Oil Prices Ready To Gush

Crude futures continued their trek higher last Friday, as a surprise rise in Germany's Ifo index of business sentiment weighed heavily on the U.S. dollar.
The ailing greenback made it cheaper for foreign-currency holders to scoop up the dollar-denominated commodity, with November-dated crude oil futures finishing with a gain of $1.32, or 1.7%, at $76.50 per barrel.
For the week, black gold added 3.8%.

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