Renewed strength in the dollar caused the oil market to retreat on Wednesday — and analysts say oil investors should continue watching the currency’s movement as an indicator on Thursday.
Oil prices lowered as the dollar rallied on news that Asia will continue to buy U.S. Treasurys regardless of the U.S. credit rating. Oil prices had touched 7-month highs earlier in the week.
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- Worst of Crisis May Be Yet to Come: IMF Chief
- Cashin: 'Jobless Recovery' Poses Threat to Markets
- Pros Say: Recovery Has a Lot More Upside
- Microsoft, Adobe warn of critical security flaws
- TARP Repayments Stir Debate: Is Financial Crisis F...
- Fiat To Close Chrysler Deal Shortly, Shares Jump
- Citi Makes $58 Billion Swap Deal With Government
- Global Airline Losses to Hit $9 Billion in 2009: I...
- Barclays in $12 Billion BGI Talks with BlackRock
- Obama Promises More than 600,000 Stimulus Jobs
- For Investors, Better-Than-Bad No Longer Good Enough
- Stocks Rise for a Third Straight Week
- S&P lowers CBS rating to 'BBB-'
- Riviera Holdings voluntarily delists stock
- Shares of Cascade sink on disappointing 1Q results
- Imax raises $70 mln in share offering
- Ford Canada wants new deal with CAW
- Qwest Long Distance Business Gets Disappointing Bids
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- Euro Shares Close Higher on US Jobs, Rio
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- GM to sell Saturn to Penske
- Dollar gains on euro, yen
- Oil touches $70 and then backs down
- Wall Street rises, Wal-Mart boosts Dow
- Stocks Hold Above Water After Jobs Report
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- GMAC Sells $4.5 Billion in FDIC-Backed Bonds
- Oil Outlook: Dollar Movement is Biggest Indicator
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- Retail Sales Are Falling Short of Estimates
- Wal-Mart to Add 22,000 Jobs at US Namesake Stores
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- BOJ Kamezaki: Huge Bond Issuance May Push Up Yields
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- AIG Asset Management Unit Attracts Asia Investors
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Thursday, June 4, 2009
