Saturday 11 February 2012

Oil Falls on Greece Deal Doubt, But up on Week


Oil prices fell on Friday, but posted gains for the week, as the latest hitches in negotiations on a Greek bailout package pressured oil, the euro and equities.
A reduced oil demand growth forecast from the International Energy Agency (IEA), the sixth consecutive monthly report with diminished growth expectations, also helped pressure oil.
The euro fell and the dollar index .DXY strengthened after the leader of the far-right party in Greece's coalition declined to back a bailout agreement, once more raising concerns about the risk of a default. 

0731-6458808,09200009266
Related Posts Plugin for WordPress, Blogger...