Oil Dropped amid EU Finance Ministers' Meeting on Greece

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Source: Bloomberg
© Scanpix/Reuters
Oil declined on European Union officials meet to find solution for Greece to escape fiscal abyss after they decided to give Greece 2 more years to cut budget deficit on November 12 and after they failed to reach an agreement at all-night meeting last week. January-delivery crude oil dropped 78 cents to $87.50 per barrel, while the contract for brent oil January delivery lost 0.5% and was settled at $110.83 per barrel.
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Mon, 26 Nov 2012 18:03:17 GMT

Canadian Dollar Dropped as Carney was Appointed as Head of BOE

The Canadian Dollar depreciated against the U.S. Dollar from almost the highest level in two weeks on uncertainty about the next head of the Bank of Canada as Mark Carney, current Bank of Canada Governor, was appointed as the head of U.K. Central Bank. The Loonie declined 0.2% against the U.S. counterpart and traded at 99.52 cents per greenback after

Mon, 26 Nov 2012 17:39:12 GMT

Pound Fell amid Euro-area Meeting on Greece

The Pound declined against the U.S. Dollar, following gain to the highest level in three weeks, amid the Eurozone finance ministers' meeting to discuss a bailout payment for Greece after they didn't manage to find compromise during last meeting. The Pound lost 0.1% against the U.S. Dollar and traded at $1.6010 after reaching $1.6051, a 3-week high, on November 23.

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