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    Crude Oil Takes Direction From US Dollar Moves
    Description
    A weaker US dollar has lifted Nymex crude back into positive territory but the contract continues to trade below $80 a barrel. Oil becomes more attractive for investors when the dollar weakens because the dollar-denominated commodity becomes cheaper for holders of other currencies.
    A weaker US dollar has lifted Nymex crude back into positive territory but the contract continues to... More
    Channel:The Wall Street Journal
    Copyright 2009, Dow Jones & Company, Inc.
    Tags:LDNDJNW, Tom, Di, Fonzo...More
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    A weaker US dollar has lifted Nymex crude back into positive territory but the contract continues to trade below $80 a barrel. Oil becomes more attractive for investors when the dollar weakens because the dollar-denominated commodity becomes cheaper for holders of other currencies.
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