Tuesday, August 4, 2009

Oil Fluctuates as U.S. Incomes Drop, Existing Home Sales Gain


Crude oil fluctuated along with equities after reports showed that U.S. personal incomes dropped in June and the number of contracts to buy previously owned homes increased. Oil rebounded from the day’s lows after the National Association of Realtors said there was a 3.6 percent gain in the index of signed purchase agreements, or pending home resales. Oil slipped as much as 2 percent earlier today after the Commerce Department said that personal incomes tumbled 1.3 percent, the most in four years. Yesterday, futures rose $2.13, or 3.1 percent, to $71.58, the highest settlement since June 12.....Complete Story

How to Use Money Management Stops Effectively

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