| 07.10.2010 - Oil is near five-month high as dollar drops, fuel supplies fall |
| From Bloomberg: Oil traded near a five-month high in New York after the dollar weakened against the euro and a government report showed a drop in U.S. gasoline stockpiles, bolstering optimism in an economic recovery. Futures climbed 0.5 percent yesterday as the U.S. currency fell on speculation the Federal Reserve will act to revive the economy by buying bonds..............................................Full Article: Source |