On Friday Oil dropped as investor unease about the economic recovery spread across markets after mixed U.S. employment and housing data, sending equities lower and risk-haven currencies higher. U.S. crude for November fell 26 cents to $74.92 a barrel in midday. Yet, prices were heading for a weekly gain of more than 1.6 percent, without [...] [...more]
Crude Oil prices bounced from a 7 week low on Wednesday as investors looked for relief in U.S. durable goods and oil inventory reports due later in the day, after fears of a double-dip recession intensified with dismal housing data. Oil slid 2% on Tuesday on news that sales of previously owned U.S. homes dropped [...] [...more]
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