Crude futures shrug off a stronger dollar

摘要

New York - The crude market on the New York Mercantile Exchange shrugged off a resurgent US dollar,which climbed in the wake of the French no vote on the European constitution.July crude settled 12 cts higher at 51.97/bbl Tuesday,but the day's gain was neither a fundamental nor a technical feat given thin trading conditions following the long weekend in the US and UK and ahead of a very heavy American economic calendar the remainder of the week,"...the dollar could strengthen even further and siphon 'commodity money' towards currency markets instead," Mann Financial analyst Ed Meir said in a report,referring to a potentially strong non-farm payroll number in the employment report due out Friday.