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Crude falls $4 on stronger dollar, eased concerns on Iraq

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell more than $4 to close below $102 a barrel on Monday, joining a broad selling of commodities, as concerns eased about the disruption of oil exports in Iraq and as the dollar rose against other currencies, reducing crude’s attraction as an investment have. Crude for May delivery dropped $4.04, or 3.8%, to settle at $101.58 a barrel on the New York Mercantile Exchange. It earlier fell to an intraday low of $100.25. Crude ended the first quarter’s trading up $5.6, or 5.8%.
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Original post by Forextvblog

This entry was posted on Monday, March 31st, 2008 at 1:51 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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