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Oil Drops Below $77 On Stronger Dollar, Demand Worries
Crude oil continued to decline on Friday on demand concerns and finished below $77 per barrel.
Light sweet crude for December dropped to $76.72, down 74 cents on the session. Prices hit as low as $76.20 after briefly challenging $78.
For the week, oil finished up 37 cents. Crude finished last Friday's session at a monthly low.
The....
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Gold Prices Finish Slightly Higher
Gold turned modestly higher on Friday, gaining for a sixth straight session, as the U.S. dollar gave back some gains versus the euro.
December gold rose to $1,146.80, up $4.90 on the session. The metal hit as low as $1,132.50 in the early going, but later reached as high as $1,150.80.
The dollar rose to a 16-day high near 1.4800 against....
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Euro Drops Versus Major Rivals As Stocks Fall
The euro saw weakness versus major rivals on Friday in New York as weaker global stocks dragged down risk appeal. Traders also muled over comments from European Central Bank members.
ECB President Jean-Claude Trichet reiterated Friday that it is too early to declare that the global crisis is over and the current non-standard monetary policy....
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European Economic News
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German FinMin: Crisis Not Over
Friday, German Finance Minister Wolfgang Schaeuble said it would be premature to say that the economy has overcome the
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U.S. Treasury Market Updates
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Markets End Week In Red
11/20/09 04:51
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Partisan Debate Precedes Health Reform Vote
11/20/09 03:23
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Wall Street Extends Losses
11/20/09 02:13
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Market Sensitive Global News
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Political News |
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North American Economic News
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