Oil down on talks of oil reserves

Source: Marketwatch

Crude oil futures traded lower as the White House reported possible announcement of oil reserves in order to ease prices.  Oil futures for September settlement dropped by 0.2%, to $95.42, after rallying 1.4% on Thursday.  The crude was also pressured by a stronger U.S. Dollar, as the ICE Dollar Index jumped 0.42% on Friday.

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Mon, 20 Aug 2012 07:10:16 GMT

Euro remains higher before Europe's leaders' meeting

The common currency held gain before Europe's policy makers' meeting this week, at which possible ways to combat the Eurozone debt crisis will be discussed. The Euro traded at $1.2339 after jumping 0.4% to 1.2334 last week. The Eurozone's currency gained 0.1% to 98.20 Yen following a 2% strengthening during previous week.   

Mon, 20 Aug 2012 13:44:02 GMT

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