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Oil Falls Toward $55 as Dollar Rebounds LONDON (Reuters) - Oil prices eased toward $55 a barrel on Wednesday as OPEC deliberated a second supply increase to cool prices and a recovering dollar lured some fund money out of commodities. U.S. light crude (CLc1: Quote , Profile , Research ) traded down 56 cents to $55.47 a barrel, down from a record $57.60 struck last week. Prices dropped more t... : Oil Falls Toward $55 as Dollar Rebounds
China Seeks to Soothe Markets Over Rates BEIJING (Reuters) - China's central bank sought on Friday to soothe concerns over its first interest rate hike in nearly a decade, saying it will not have a big impact on the economy or the pegged yuan currency. Most economists still expect the government to ease administrative measures used to curb credit and investment, which had slowed economic growth but had been criticized for causing distortions in the economy. "I think the impact (of the rate rise) on the economy will be limited,... : China Seeks to Soothe Markets Over Rates
Dollar Rebounds; Euro/yen at New High By Jamie McGeever NEW YORK (Reuters) - The dollar strengthened across the board on Wednesday, although analysts said the move was only a corrective rebound and does not mark any shift in fundamentals, which still point toward continued dollar weakness. The euro hit a fresh all-time high against the dollar earlier in the global session, providing dealers with more attractiv... : Dollar Rebounds; Euro/yen at New High
Oil Prices Edge Cautiously Higher SINGAPORE (Reuters) - Oil prices edged cautiously higher on Tuesday, attempting to stem a fall of more than 10 percent in the last five sessions amid rising U.S. stockpiles and warmer-than-expected weather. U.S. light crude oil futures were up 39 cents at $41.71 a barrel by 2:53 a.m. EST, taking a breather after Monday's more than 6 percent slump in holiday-thinned... : Oil Prices Edge Cautiously Higher
Oil Tops $44, Heating Oil Supplies Worry NEW YORK (Reuters) - Oil prices surged nearly 6 percent on Wednesday as the U.S. government reported a fall in heating oil stocks in the midst of an arctic cold blast in the Northeast, the world's largest heating oil market. U.S. light crude jumped $2.37, or 5.7 percent, to $44.19 a barrel (CLc1: Quote , Profile , Research ) in a third straight day of gains that has pushed prices up nearly $4 from four-month lows. Prices are now $11 a barrel below highs hit in late October. B... : Oil Tops $44, Heating Oil Supplies Worry
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