Oil ends the week above US$50

On Friday, light sweet crude oil for June delivery increased by almost 2 dollars to US$51.55, mainly on news of encouraging earnings from Ford (F) that aroused hopes of improved energy demand, propped by a weakening US dollar that supports crude's hedge value. Stocks improved in USA and Europe after struggling automaker Ford (F) reported a sharply smaller than anticipated loss in Q1. The dollar tumbled to a new multi-week low against the yen and an 11-day low against the euro and the franc as ongoing concerns about the US stress tests on banks prompted investors to sell the US currency.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha