Crude Oil futures have rebound on firm global cues
Crude oil futures have recovered 1.43 per cent on the Multi Commodity Exchange today on fresh purchasing by speculators. For full story, click here
Articles Tagged "rebound"
Oil Price Peaks And Slides
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Crude oil traded near highest in four months as stocks rise
Crude oil traded near the highest level in almost four months after the U.S. stock market rose, a sign that economic growth and fuel use in the world’s biggest energy-consuming country may rebound. David Moore, a commodity strategist at Commonwealth Bank of Australia Ltd. in Sydney, stated: There’s been a positive reaction in the equities [...]
