Saturday, 28 July 2012

Oil up Fourth Day as Stimulus Hopes Support

Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve after data showed U.S. economic growth slowed in the second quarter as expected.
Dollar-denominated crude futures saw choppy trading as the euro and dollar .DXY also seesawed, buffeted by comments from European leaders. 
The euro hit a three-week high, lifted early after French leader Francois Hollande and his German counterpart, Angela Merkel, said they are determined to do all they can to safeguard the single currency.
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