Oil closes under $79 a barrel as dollar recovers - MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude oil futures closed lower on Monday as the U.S. dollar rebounded off a 14-month low against the euro and U.S. stocks tumbled. Oil for December delivery fell $1.82, or 2.3%, to $78.68 a barrel after earlier reaching a high of $81.59. The bounce in the U.S. dollar, adding to lingering concerns about ample oil supply, offset a report suggesting the U.S. economy has already emerged from recession. Natural gas fell 27 cents, or 5.7%, to $4.513 per million British thermal units, in line with an earlier loss. Forecasts for warm weather in the Northeast and Midwest weighed on natural gas. November heating oil and gasline futures also fell.

Manufacturer of Hydraulic Oil Tanks India

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