Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Crude Pares Losses as Dollar Decline Spurs Commodity Purchases

Oil pared earlier losses to trade near a 26-month high as investors purchased commodities as a drop in the dollar spurred the buying of riskier assets.

Crude reversed an earlier 0.7 percent decline today as the Dollar Index, a measure of the greenback against six major currencies, slipped 0.2 percent. The extension of U.S. tax cuts for another two years bolstered Asian equities and boosted optimism for fuel demand. Copper prices also reached a record in London as investors sought alternative investments.

Crude for January delivery was at $89.46 a barrel, up 8 cents, in electronic trading on the New York Mercantile Exchange at 4:09 p.m. Singapore time. The contract earlier fell as much as 58 cents to $88.80. Yesterday, prices rose to $89.38, the highest settlement since Oct. 7, 2008.

Brent crude for January settlement was at $91.46 a barrel, up 1 cent, on the London-based ICE Futures Europe exchange. The contract earlier lost as much as 54 cents, or 0.6 percent, to $90.91. Yesterday, it gained 3 cents to $91.45.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.