Crude Oil Futures Rose in Early Tuesday Trade Due to Soft US Dollar (14/05/2013)

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In Tuesday Early Asian Electronic Trade, United States (US) Benchmark Crude Oil Futures Rose 22 cents or 0.2% to $ 95.39 a barrel. The Oil price index rises because USD dipped against Japanese Yen (JPY) and EURO rose against USD ahead of the Euro Zone Economic Data. 

When Dollar is weak , Oil and other dollar dominated Commodities price always rise. 

Important Oil Price Related Data:-

Later Tuesday, the International Energy Agency is slated to release its medium-term oil outlook report, and the American Petroleum Institute is due to publish its weekly report on U.S. crude-oil supply. The API’s report will be followed by supply data from the U.S. Energy Information Administration on Wednesday.

source:- Market Watch
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