Crude oil soared above 105 US Dollars per barrel

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Source: Marketwatch
Crude oil futures surged during the electronic session on Monday, being backed up by the China's announcement on RRR cut and geopolitical tensions over Iranian nuclear program. Crude oil futures for delivery in March traded at 105.03 US Dollars per barrel at the Asian session, on the New York Mercantile Exchange, adding 1.7%.

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Mon, 20 Feb 2012 10:06:31 GMT

US Consumer prices surged less than expected in January

The consumer-price index (CPI) climbed 0.2% in January slightly below analyst median forecasts of a 0.3% advance, said the Department of Labor on Friday. On yearly basis CPI added 2.9%. Core consumer-price index which excludes volatile energy and food costs also ascended 0.2% matching earlier expectations. Analysts at Goldman Sachs are predicting a notable decline in CPI over the coming

Mon, 20 Feb 2012 09:24:43 GMT

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