Crude oil advanced on better demand prospects

Source: Forexpros
Crude oil prices rose in Asian session on Tuesday as worries about economic instability in the Eurozone eased. Moreover, expected fall in the US crude oil inventories last week also spurred the commodity price. Light, sweet crude oil futures for July delivery traded at 84.63 US Dollars per barrel on the New York Mercantile Exchange, growing by 0.77%.


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Tue, 05 Jun 2012 07:45:20 GMT

Australia's current account deficit widened in Q1

Current account balance of Australia declined more than initially expected in Q1. Australian current account deficit widened to 14.9 billion Australian Dollars on a seasonally adjusted basis as compared to a deficit of 9.6 billion Australian Dollars in Q4 of 2011, reported the Australian Bureau of Statistics. Experts predicted the country's balance of payment to attain minus 14.8 billion Australian

Tue, 05 Jun 2012 09:13:19 GMT

Loonie hits 6-month low before central bank meeting

Canadian Dollar hit a 6-month record low ahead of Bank of Canada meeting due Wednesday. Policy makers are predicted to postpone higher interest rates. Canadian currency closed at CAD 1.0394 yesterday. Yields on 10-year bonds keep fluctuating close to record lows since 1950s as investors perceived country's assets as save haven. 

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