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Nymex Crude Oil News
Crude oil price hits new record of $82/bl (Business Standard India) Nymex crude oil price topped $82 per barrel today soaring to a fresh record in Asian trades after the US Federal Reserve cut interest rates to boost the economy. (AFX UK Focus) 2007-10-02 23:57 GMT: Australian shares outlook - Lower on profit-taking after record run (Interactive Investor) SYDNEY (Thomson Financial) - Australian shares are expected to open lower Wednesday as investors follow Wall Street's lead and elect to lock in gains after a record-breaking run which has seen the market close at record levels in five of the past seven sessions. Commodities waver ahead of jobs report (AP via Yahoo! News) Commodities prices fluctuated Thursday as investors waited to see how the government's upcoming employment report would affect the dollar and in turn, the futures markets. COMMODITIES-Oil down to $105, CRB sinks after weakened Gustav futures <0#LC:> <0#FC:> CME lumber futures <0#LB:> NYBOT softs, cotton and juice futures <0#KC:> <0#SB:> <0#CC:> <0#CT:> <0#OJ:> NYMEX crude oil <0#CL:> Reuters/Jefferies CRB Index <.CRB> NYBOT RJ/CRB futures <0#CR:> <0#CI:> RELATED NEWS AND OTHER TOPICS Gustav cuts US oil and gas, threatens commodities flirting with coming ashore Monday southwest of New Orleans as a Category 2. ENERGY IMPACTS OF GUSTAV: * NYMEX crude oil fell more than $3 to near $112 a barrel Monday, and NYMEX natural gas was down more than 37 cents to near +$7.57 per million Btu. * Forex Correlations Signal Euro/US Dollar Outlook to Depend on Oil Prices movements in AUD pairs. Strong Forex Correlations Euro/US Dollar and Oil Futures The correlation between the EURUSD and NYMEX Crude Oil futures has recently hit its highest levels since the inception of the eurounderlining the importance of commodity US Dollar Rally Supported By Drop in Oil, But May Be Due To Pause commodity prices, as Quantitative Analyst David Rodriguezs latest forex correlations report shows that the correlation between EURUSD and NYMEX Crude Oil futures has recently hit its highest levels since the inception of the euro. Next, forex positioning Week Ahead: Volatility Rules - CNBC Extreme volatility will likely rip the stock market again in the coming week, while investors consider fresh economic data and a last blast of earnings news. Tuesday marks one month to the day before the Fed's next rate meeting. The bond market and ... Motorists in for petrol bonus (News 24 South Africa) Motorists could see a sharp drop in the petrol price next month, as international oil prices continue to slide from record highs. Flashback Energy 2nd Sept 2008 weaker note, as prices fell to its lowest level in more than four months after hurricane Gustav weakened. NYMEX crude oil futures fell as low as $110.60 a barrel, before closing at $111.22, down by 4.05%. Yesterday?s weather update eased market worries
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