Crude Falls on USD Surge and Market Uncertainty

16 March 2010 @ 05:43 am EDT

The price of Crude Oil has begun to waver in light of economic uncertainty. The TIC Long-Term Purchases report published from the US yesterday helped shake business sentiment, and stocks are trading lower as a result. The surging US Dollar has helped to put a damper on oil prices, but few economists see prices dropping further. Demand concerns appear to have risen out of yesterday's economic data.

For more forex information, go to www.forexyard.com

E-Newsletters

We value your privacy. Your email address will not be shared.