Energy Currents: Crude Lower as Euro Weakens

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Crude oil starts the week lower near $90 a barrel with the U.S. strengthening against the Euro and other currencies, pushing down on dollar-demoninated commodities and keeping the market in sell mode.

The selling bias remains especially strong for Brent crude, which has cut the spread between West Texas Intermediate traded in New York and Brent contracts traded in Europe to around $15 -- or nearly a third less than it was prior to the IEA moving to release 60 million barrels of oil during August.

At 9:15

AUG Crude WTI ( NY ) $90.28 -0.90

AUG Brent Crude (ICE) $104.05 -1.07

JUL Natural Gas ( NY ) $4.0223 -0.006



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This article appears in: Investing , Commodities

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