Crude oil flat in Asian trade on Monday

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Source: Forexpros
Crude oil prices were flat in Asian session on Monday, losing momentum gained after Iran reported on the lower oil export volumes. Moreover, market sentiment was not strongly exposed to the weak US housing data as investors are positive about the US economic state and await fresh manufacturing news. Light, sweet crude oil futures for May delivery traded at 106.61 US Dollars per barrel on the New York Mercantile Exchange, retreating by 0.90% from previous trade high of 107.05 US Dollars per barrel.


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Mon, 26 Mar 2012 10:10:50 GMT

China and Russia signed contracts worth 1.15 billion US Dollars during machinery fair

China and Russia signed deals worth 1.15 billion US Dollars during the ongoing fair of agricultural machinery conducted by the two countries. The value of contracts increased by 6.9% on an annual basis. In 2010, deals worth about 790 million US Dollars were signed while in 2011 the value of contracts soared by 38.2%, attaining 1.07 billion US Dollars.

Mon, 26 Mar 2012 09:18:37 GMT

Euro climbs against Yen on merged rescue fund

17-nation currency advanced versus Japanese Yen on speculations Europe may combine two bailout funds to terminate debt crisis. Euro added 0.3% versus Yen to JPY 109.60 and traded at USD 1.3255 on Friday. Currently EUR/JPY is trading at JPY 109.48 and EUR/USD is trading at 1.3259.

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