Bloomberg (Reported 6/15/2010)
“Crude oil rose to a one-month high in New York as the euro gained against the dollar, bolstering the appeal of commodities, and on forecasts that a government report will show U.S. supplies fell for a third week.
Oil climbed as much as 2.7 percent after the 16-nation currency strengthened, following increases in global stock markets. U.S. crude-oil inventories probably declined 1 million barrels in the week ended June 11, according to the median of 13 analyst responses in a Bloomberg News survey.” Crude Oil Rises to One-Month High on Euro’s Gain Versus Dollar
MarketWatch (Reported 6/15/2010)
“Crude-oil futures rose Tuesday, buoyed by positive economic reports that brightened investors' expectations of energy demand.
Crude for August delivery rose $1.63, or 2.1%, to $77.91 a barrel on the Comex division of the New York Mercantile Exchange.” Crude rises on economic hopes; inventories data on deck
DJ (Reported 6/15/2010)
“Crude-oil futures jumped to their highest prices in more than a month, supported by an optimistic outlook for global growth and strong gains by the euro and equities markets.
Light, sweet crude for July delivery settled $1.82, or 2.4% higher, at $76.94 a barrel on the New York Mercantile Exchange, its highest closing price since ending the day at $77.11 on May 6. North Sea Brent crude for July on the ICE settled up $1, or 1.3%, at $76.20 a barrel, the highest price since May 14.” Crude Settles Up Near $77/Bbl On Strong Equities
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