Oil futures rose above $97

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Source: Marketwatch

Crude oil futures rose above $97 on growing optimism that the ECB will curb Eurozone's debt crisis. Crude for September settlement added 1.3 per cent, or $1.25, to $97.22 per barrel. Meanwhile, other oil-related products edged higher as well, with heating oil, gasoline and natural gas all with September contracts jumping more than 1%.

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Wed, 22 Aug 2012 06:59:16 GMT

Euro strengthens

The Euro strengthened to a 6-week high versus the U.S. dollar and Japanese Yen before European policy makers meet this week and amid speculation the region's debt crisis is being contained. The shared currency rose for a second consecutive day against the greenback after Germany said concessions for Greek government were possible and as Spanish bond yields decreased at the

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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