"Oil Rises as Dollar Weakens on Speculation of Fed Credit-Easing"

"Oil for December delivery rose as much as 53 cents to $81.96 a barrel in electronic trading on the New York Mercantile Exchange. It was at $81.84 at 11:07 a.m. Singapore time. On Oct. 29, the contract dropped 0.9 percent to $81.43, trimming the advance in October to 1.8 percent. The dollar dropped for a third day against the 16-nation euro, reaching $1.3997 per euro from $1.3947 in New York on Oct. 29. A weaker U.S. currency increases the appeal of commodities as an alternative investment." Read more"Oil Rises as Dollar Weakens on Speculation of Fed Credit-Easing"  James Paton and Yee Kai Pin  Bloomberg Businessweek, October 31, 2010. Image by Kenneth Cratty / FreeDigitalPhotos.net.

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