Economic Calendar

Friday, November 20, 2009

Crude Oil Falls in New York as U.S. Dollar Gains Versus Euro

Share this history on :

By Will Kennedy

Nov. 20 (Bloomberg) -- Crude oil fell for a second day in New York as the dollar gained versus the euro, dimming the lure of commodities as a currency hedge.

Oil for December delivery dropped as much as 55 cents, or 0.7 percent, to $76.91 a barrel in electronic trading on the New York Mercantile Exchange. The contract traded at $76.92 a barrel at 9:52 a.m. London time.




No comments: