国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

Global Biz

Oil rebounds as dollar weakens to new 15-month low

(Xinhua)
Updated: 2009-11-26 05:43

NEW YORK: Crude prices rebounded on Wednesday as the US dollar sank to a new 15-month low against a basket of major currencies, driving commodities up by increasing their investment appeal.

Related readings:
Oil rebounds as dollar weakens to new 15-month low Oil to hit $100 by end of year and keep rising
Oil rebounds as dollar weakens to new 15-month low Oil falls amid mixed signs on US economic recovery

Light, sweet crude for January delivery jumped 1.94 dollars, or 2.6 percent, to settle at 77.96 dollars a barrel on the New York Mercantile Exchange. Floor trading at the Nymex is suspended on Thursday and the exchange will close early November 27 because of the Thanksgiving Holiday.

Oil prices first got some support after government report showed US crude inventory increased less than expected. However, oil failed to gain much as investors had little reason to feel thrilled by the huge level of current supply.

Real gains came at noon as the dollar fell against the euro to, demonstrating how much the dollar has come to affect energy prices. A weak dollar tends to push oil prices higher since it can give investors with other currencies more buying power.

In London, Brent Crude for January delivery gained 1.98 dollar to settle at 78.44 dollars a barrel on the ICE Futures exchange.