Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 24 January 2012 [View all]Ghost Dog
(16,881 posts)WASHINGTON (dpa-AFX) - The price of crude oil moved down Tuesday morning as concerns over the euro zone debt situation overshadowed supply worries after EU's oil embargo of Iran. Light Sweet Crude Oil (WTI) futures for March delivery, were down $0.54 to $99.04 a barrel. Yesterday, oil snapped it three session losing streak to close near $100 on supply concerns after the European Union agreed to enforce an oil embargo of Iran. This morning, the U.S. dollar was little changed around its 3-week low versus the euro and sterling. The buck was moving lower versus the Swiss franc and ticking higher against the yen... Today after the market hours, the API will release its report on U.S. crude oil inventories for the weekended January 20. Analysts expect crude oil inventories to gain 800,000 barrels last week.
/... http://www.finanznachrichten.de/nachrichten-2012-01/22515576-crude-eases-near-dollar-99-020.htm