COMMODITIES DAYBOOK: Oil Rises for Third Day on Jobless Claims
Oil rose for a third day as the number of Americans filing first-time unemployment claims unexpectedly declined and Greek political leaders struck a deal on a package of austerity measures.
WHAT TO WATCH: (ALL TIMES NEW YORK) 2:00 p.m. USDA Hog, Cattle Slaughter TOP STORIES -Hedge Fund Snaps Seven Annual Gains in ‘Ugly Year’: Commodities -Europe Coal Loses to South Africa on Renewables: Energy Markets -OPEC Cuts 2012 Oil Demand Forecast as Global Recovery Falters -Diamond Restatement Imperils Pringles Deal, Ends CEO Dreams -U.K. Next-Day Power Halts Longest Rising Streak Since 2003 -Oil Rises for Third Day on U.S. Jobless Claims, Greek Debt Deal -Cotton Heads for Longest Slump in 2 Months; Orange Juice Drops -Soybeans Gain as South American Losses May Boost U.S. Exports -Inflation Surprise Sees Floaters Beat Fixed Rates: China Credit ON THE FRONT PAGES -India Proposes Bartering Wheat for Oil From Iran, Times Says -Ukraine’s Grains Exports May Be 2 Million Tons, Interfax Says -Motiva’s Port Arthur Refinery Resumes Output: Reuters Link -Draghi Sees ‘Tentative’ Signs of Economic Stabilization: ECB -Petrochina Targets 6% Crude Throughput Growth This Year: Xinhua -Tata Communications To Buy 5.76% Green Infra Stake: Line Link -Vietnam to Export 2.5 Million Tons Rice in First Half: Thoi Bao ECONOMIC DATA: (ALL TIMES NEW YORK) MARKETS (11:58 a.m. NY TIME): Last Chg %Chg WTI Crude Oil $99.93 +1.22 +1.24 Gasoline $3.002 +0.0272 +0.91 Natural Gas $2.515 +0.07 +2.74 Copper $8,747 +166.50 +1.94 Gold $1,746.7 +12.25 +0.71 Wheat $6.5225 -0.0850 -1.29 U.S. Dollar Index 78.524 -0.21 -0.27 MSCI World Index 327.71 +0.42 +0.13
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