CME/Nymex October crude inched up 89? to close at $72.52/bbl.

摘要

Despite an ultra-bearish weekly oil and products report, crude oil still managed to advance from an 11-week low after the US dollar declined against the euro for the first time in more than a week, increasing the enticement of commodities to investors. Oil rose to an intraday high of $72.87 as the dollar and US equities fell following a report showing that sales of US new homes dropped in July to the lowest level on record. In fact, new homes sales plunged 12% in July to an annual pace of 276,000, marking the weakest since data began in 1963. Orders for durable goods in the US increased 0.3% last month, which was also well below analysts and market expectations.