US crude up $1 on hurricane concerns, weaker dlr
SINGAPORE, Nov 9 (Reuters) - Oil prices rose $1 to $78.43 a barrel on Monday, as Hurricane Ida roared through the Gulf of Mexico, where important oil fields are located, and on the back of the falling U.S. dollar.
By 0426 GMT, U.S. crude futures for December CLc1 were up 98 cents to $78.41 a barrel after earlier surging by $1.00. London Brent crude rose 90 cents to $76.77 a barrel. (Reporting by Judy Hua; Editing by Ramthan Hussain)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
