Oil futures increased in electronic trade

Source: Marketwatch
Crude oil futures increased in electronic trade but stayed lower than $100 a barrel amid S&P credit downgrades and geopolitical tensions that may lead to supply disruptions. Light, sweet crude oil futures for delivery in February traded at $98.85 a barrel during Asian session, on the New York Mercantile Exchange, advancing 0.2%.





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Mon, 16 Jan 2012 07:58:18 GMT

Loonie posts gains against Euro for the eight straight week

Candian Dollar extended weekly gains against 17-nation currency for the eight week in a row, making the longest upward trend since 2007, as trader demand for less risky assets surged. Currency appreciated sharply after S&P ratings agency downgraded France and Italy on January 13. Loonie strengthened 0.5% this week against US Dollar reaching C$1.0232. Currently USD/CAD is trading at C$1.0210.

Mon, 16 Jan 2012 07:57:48 GMT

Grain futures sharply lower on Friday

US grain futures closed essentially lower on Friday following the US Department of Agriculture unexpectedly reported about higher stockpiles of corn and wheat. Corn futures dropped 8% during two sessions after the report release while wheat futures lost about 6%. High US Dollar also weighted down on the agricultural commodities' prices.

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