Crude oil almost reached USD92 regardless of Spain fears

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Source: Forexpros
Despite fears about Spain's financial stability, futures for crude oil gained on Tuesday because of China's possible monetary easing and expected disruption to Middle East oil supplies. On the NYMEX July crude futures were traded at USD91.50 per barrel, peaking earlier at USD91.86.
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Tue, 29 May 2012 19:40:01 GMT

Hedge funds bet against bonds of core Eurozone countries

Hedge funds are expecting that the launch of unitary eurobonds is prone to lead to an increase in costs for Germany's and France's borrowing. Therefore, they short-sell liquid bonds of core Eurozone countries, expecting prices to fall. The market, according to anonymous fund manager, is getting noticeably shorter.

Tue, 29 May 2012 18:34:31 GMT

Risks imposed by Greece to the U.S.

Even though there is no direct damage that can be caused to the U.S. by Greece; however, it is the overall tension in the EU that might be detrimental to the States. Firstly, it is important to highlight that the banking system in the U.S. might be in jeopardy due to sovereign debt. Even though the debt for Greece USD 5.8 billion is minor

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