Sponsored Links
Crude oil prices fell for a ninth straight session amid lingering worries over the economy and the immediate future of energy demand.
Light sweet crude for January delivery moved to $69.51, down 36 cents on the session. Prices had hit as high as $70.20 on a choppy trading day.
The close was the lowest in more than two months for crude oil, which is on its first nine-session skid since 2001. Oil lost $4.40 per barrel last week, its biggest weekly loss in more than two months. Crude is down nearly $8 in December.
Abu Dhabi offered $10 billion to Dubai Financial Support Fund, to tide over the financial crisis imposed by the woes of the Dubai World. Dubai's government then authorized that $4.1 billion of this be used to pay the 'sukuk' obligations that are due today.
The dollar saw little change against the euro, moving near a two-month high. The greenback was also range-bound versus the sterling near a two-month high.
The Federal Open Market Committee meeting begins on Tuesday, with an interest rate decision due on Wednesday.
Producer price index data is set for release on Tuesday. A rise of 0.9% is expected, compared to an 0.3% increase in the previous month. Core PPI is expected to edge up 0.2% in November, compared to an 0.6% fall in October.
0 komentar:
Post a Comment