| Forex News Center | | | Commodities News Archive |
Commodity Daily News
Crude Declines on Growth Prospects
Thursday, 21 Oct 2010
The December contract lost as much as 52 cents, declining to $82.02 a barrel in electronic trading on the New York Mercantile Exchange. Crude declined as the Dollar reversed some of its earlier loses and a report during today's early trading showed the Chinese economic growth slowed.
Crude oil climbed the most in five weeks yesterday as the dollar tumbled to a 15-year low against the yen and a drop in total U.S. crude-oil and fuel supplies.
Today, traders are advised to follow the numerous data releases from the U.S and Europe as they will likely determine the crude price levels for today.
