Crude futures rose above $77 a barrel
On Monday, US crude futures rose above $77 a barrel. The investors were prompted to buy into commodities as the dollar weakened.
The news article is quoted as saying:
The dollar slipped on Monday as U.S. retail sales rose and traders saw discord over exchange rates among Asian and U.S.leaders as a cue to sell the greenback against free-floating currencies such as the euro.
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Tue, Nov 17, 2009
Post by Mike Rodger, Oil Reporter