Oil climbs on Thursday on speculation for more demand

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Source: Marketwatch
Crude oil futures to be delivered in March closed higher on Thursday, prolonging their advance for a third consecutive session, as developments  in Greece amid fall in U.S. unemployment claims boosted hopes for bigger oil demand. March crude futures advanced 1.1% or USD 1.13 and finished at USD 99.84 per barrel on the New York Mercantile Exchange. Weaker dollar also supported oil's run. 

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Fri, 10 Feb 2012 08:03:46 GMT

European stocks lifted on Greek hopes

European stock markets closed higher on Thursday as Greece announced it reached consensus on austerity plan. Stocks were also supported by US jobs statistics. Stoxx 600 Europe added 0.2%, while German DAX index gained 0.6%. French CAC 40 advanced 0.4% and FTSE 100 climbed 0.3%. 

Fri, 10 Feb 2012 09:40:32 GMT

Gold drops on Friday

Gold futures to be delivered in April lost 0.4% or USD 7.70 and traded at USD 1,733.50on the Comex division of New York Mercantile Exchange. The drop came amid advance of US Dollar index as Euro and British pound depreciated on news Greece will not receive bailout package until austerity plan will not be legally implemented. 

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