Referenced Stocks

Energy Currents: Greek Vote, Japanese Manufacturing Data Supporting Higher Crude

By Midnight Trader,  June 29, 2011, 09:18:48 AM EDT

Crude oil is higher this morning, gaining on U.S. dollar weakness, although prices retreated somewhat in recent minutes after Greek legislators voted, as expected, to adopt an austerity budget aiming to ward off a default of the country's debt.

Positive data out of Japan earlier today showing manufacturing rising at the fastest rate in nearly 50 years also is supporting traders who believe demand will climb as the global economy again picks up the pace of recovery.

Natural gas is lower today.

At 9:15 a.m.

AUG WTI Crude ( NY ) $93.45 +0.45

AUG Brent Crude (ICE) $109.92 +1.14

AUG Natural Gas ( NY ) $4.317 -0.036




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: NY



Latest News Video

Chandra Levy Murder Trial Judge Promises More Openness
Chandra Levy Murder Trial Judge Pro...
Cheetah Robot - a Model of Speed and Efficiency
Cheetah Robot - a Model of Speed an...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%