Posts Tagged ‘Chinese trade deficit OPEC’
Gold and Oil News - May 11, 2012 23:54
Oil Recovers on Weaker Dollar
Crude oil futures recovered on Thursday after six consistent bearish sessions mostly backed by weaker greenback. The US dollar fell in reaction to unchanged US jobless claims in higher US trade deficit which made commodities less expensive for investors holding foreign currencies. Crude oil prices were also affected in reaction to weaker Chinese trade data […]
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