Commodities: Crude above $67
Crude futures rose above $67 a barrel, tracking the rise in the equity markets.Hopes that the economy is on the upturn, which will increase demand for oil, gathered further momentum after positive corporate results pushed the Dow above the 9000 barrier.
US house purchases rising in June for the third month running was another sign of an economic resurgence.
The weaker dollar also helped as it makes oil cheaper for buyers in foreign currency.
Crude for September delivery traded $1.67 at $67.07 a barrel.
 |
| Name | Price | 1 Day Change | 1 Day % Change | Units |
|---|---|---|---|---|
| Gold | $948.25 | +$1.75 | +0.18% | $/troy oz |
| Silver | $13.40 | +$0.36 | +2.69% | $/troy oz |
| Palladium | $254.00 | +$2.00 | +0.79% | $/troy oz |
| Platinum | $1,166.00 | +$10.00 | +0.86% | $/troy oz |
| Cattle | 146.24p | 0.000p | 0.00% | p/kg |
| Pigs | 155.57p | 0.000p | 0.00% | p/kg |
| Lamb | 136.91p | 0.000p | 0.00% | p/kg |
| Brent Crude | $66.44 | +$2.47 | +3.72% | $/barrel |
| Krugerrand | $993.10 | +$4.00 | +0.40% | $/troy oz |
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