Crude oil rose after Greek elections

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Source: Forexpros
Crude oil prices increased in Asian session on Monday as pro-bailout party won elections in Greece, implying that the country is likely to stay within the Eurozone. Light, sweet crude oil futures for delivery in July traded at 85.80 US Dollars per barrel on the New York Mercantile Exchange, rising by 77 cents from the previous session's low.

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Mon, 18 Jun 2012 09:48:55 GMT

S&P 500 index 1% up on positive expectations

S&P 500 index posted a strong gains on Friday as investors bet on a positive outcome in Greek elections and awaited further actions regarding stimulus from global central banks. S&P 500 index added 1.03% or 13.74 points and finished at 1,342.84, the highest value since May 11. Energy shares climbed most. Wpx Energy soared 5.9% and Chesapeake Energy rallied 4.4%.

Mon, 18 Jun 2012 07:54:54 GMT

India keeps benchmark interest rate unchanged on high inflation

The board of the Reserve Bank of India decided to keep its key interest rate unchanged as the record high inflation rate across emerging nations reduces the room for the central bank to support slowing economy. The central bank maintained the interest rate at 8.0% instead of predicted cut by 0.25 percentage point. 

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