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SINGAPORE (Dow Jones)--Crude oil futures remained above the psychological $70-a-barrel level Friday in Asia, but prices were poised to head lower, driven by a strengthening U.S. dollar and supply-demand fundamentals. "The fundamentals have enjoyed an almost major renaissance over the last week or so, as traders have been allowed to revalue (mostly devalue) oil prices--without continuous interruptions by the plunging U.S. dollar or soaring equities prices," said Peter ...
Full Story: OIL FUTURES: Crude May Struggle To Stay Below $70/Bbl - Wall Street Journal
SINGAPORE (Dow Jones)--Crude oil futures remained above the psychological $70-a-barrel level Friday in Asia, but prices were poised to head lower, driven by a strengthening U.S. dollar and supply-demand fundamentals. "The fundamentals have enjoyed an almost major renaissance over the last week or so, as traders have been allowed to revalue (mostly devalue) oil prices--without continuous interruptions by the plunging U.S. dollar or soaring equities prices," said Peter ...
Full Story: OIL FUTURES: Crude May Struggle To Stay Below $70/Bbl - Wall Street Journal
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