Oil fluctuated around $84 as investors focus on Europe

Source: Marketwatch

On Tuesday, futures for crude oil fluctuated around USD84, finding support from U.S. service growth data, which appeared to be unexpectedly good; and also being affected by investors' consciousness about Eurozone. July delivery futures for sweet crude oil peaked at USD84.03 per barrel, consolidating at the level of USD84.03.

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Wed, 06 Jun 2012 06:40:09 GMT

Spain requires help

Spain is likely to seek financial aid from Europe to support its ailing banks, as the country is losing access to financial markets due to increasing interest rates on Spanish bonds, according to the Budget Minister. The Eurozone policy makers developed measures to contain Spain's deepening financial crisis ahead of EU summit in Brussels at the end of June. 

Tue, 05 Jun 2012 20:06:21 GMT

EUR/USD declines on ISM report and G7 talks

The Euro was traded lower versus the U.S. dollar on Tuesday, as service sector data foe the U.S. appeared to be better than expected, and talks in G7 did not bring any breakthrough results. EUR/USD peaked at 1.2411 in the U.S. trading session, later consolidating at 1.2445. The support for the pair was likely to be at 1.2335, and resistance was prone to be at

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