Energy News Wrap-up – March 9, 2010
FMX | Connect – www.fmxconnect.com - (Reported 3/9/2010)
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Market Prices
Bloomberg (Reported 3/9/2010)
“Crude oil declined for the first time in three days as the dollar gained against the euro, reducing the appeal of commodities as an alternative investment.
Oil slipped 0.5 percent after the euro weakened amid concern that the Greek financial crisis will trigger a default on debts by other European countries. Prices also dropped on forecasts that a government report tomorrow will show U.S. oil supplies increased last week.” Oil Falls for the First Time in Three Days as Dollar Gains
Reuters (Reported 3/9/2010)
“Oil prices fell from eight-week highs on Tuesday, pressured by a stronger dollar and uncertainty about an economic recovery.
U.S. crude futures for April fell 38 cents to settle at $81.49 a barrel, after reaching a low of $80.16 a barrel earlier. In London, North Sea Brent crude oil futures slipped 56 cents to settle at $79.91 a barrel.” Oil falls from 8-week high on dollar pressure
MarketWatch (Reported 3/9/2010)
“Crude-oil futures closed with a modest loss Tuesday, weighed by a stronger U.S. dollar, but coming off intraday lows as sentiment improved about the global supply-demand balance.
Oil for April delivery closed at $81.49 a barrel, down 38 cents, or 0.5% on the New York Mercantile Exchange. Earlier, the contract hit a low of $80.16, according to FactSet Research data. It had topped $82 in the prior session.” Crude-oil futures fall, close above $81 as U.S. dollar rises
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