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FX:OIL FUTURES: Crude Falls With Euro As Investors Lock In Profit |
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LONDON – Crude futures were lower Monday, falling with the euro and equities as investors sought to lock in profits following steep gains Friday.
"There is a general spout of long liquidation across commodities," said Glen Ward, head of retail derivatives at London Capital Group, adding that gold and silver were also weaker.
At 0917 GMT, the front-month March Brent contract on London's ICE futures exchange was 73 cents, or 0.6%, lower at $113.85 a barrel.
The front-month March contract on the New York Mercantile Exchange was trading down $1.18, or 1.2%, at $96.66 a barrel.
Copyright © 2012 Dow Jones Newswires
Read more: http://www.foxbusiness.com/news/2012/02/06/oil-futures-crude-falls-with-euro-as-investors-lock-in-profit/#ixzz1lb08PfJ5 |
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