While you were sleeping: Oil, dollar advance

Wed, 28 Dec 2016

By Margreet Dietz Dec. 29 (BusinessDesk) - Wall Street weakened, retreating from near-record highs, while oil and the US dollar moved higher in subdued year-end trading. “Positions are being defended, not least in oil, while China worries and lower US bond yields has seen gold move higher,” Ole Hansen, the head of commodity strategy at Saxo Bank in Hellerup, Denmark, told Bloomberg. “Very thin market conditions ahead of year-end are making it difficult to read too much into the current movements.” In 12.37pm trading in New York, the D...

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