Commodity Morning Bell

Research report by 'RR Financial Consultants'
     
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Select Commodities – Outlook

• Oil Rises on U.A.E. Backing for Dubai's Banks, Weaker Dollar-


Crude oil rose in New York after the United Arab Emirates' central bank said it would back the country's lenders froma possible default by Dubai World, easing concerns of an economic slowdown that would limit fuel use. Oil gained as much as 1.1 percent after the Abu Dhabi-based U.A.E. central bank said yesterday finacial institutions will be able to borrow using a special facility tied to their current accounts.

 


   
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