Oil near new $90 high as dollar sinks
SINGAPORE (Reuters) – Oil held firm within sight of its new $90 high on Friday as the U.S. dollar plumbed new lows and pre-winter fuel stocks languished below norms, lending support to an over 13 percent surge in under two weeks.
NEW YORK (Reuters) – Bank of America Corp , the No. 2 U.S. bank, posted a much larger-than-expected 32 percent drop in quarterly profit on Thursday, hurt by mounting credit losses and dismal investment banking results.
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Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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