Crude Tanks, Rumors Ensue
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SPR Release Rumor Also Contributing to Crude Decline
September 17, 2012 2:15 PM EDTAnother reason for the sharp drop in crude are market rumors of a imminent SPR release. Crude is down over 4 percent.
Related ETF: United States Oil (NYSE: USO) down 3.6%... More
Coene Says ECB Unlikely to Conduct Outright Bond Purchases; Markets React
September 17, 2012 2:04 PM EDTCrude and gold appears to be moving lower in reaction to headlines from ECB member Luc Coene that it is "very unlikely" that the central bank will engage in outright bond purchases.
Related ETFs (NYSE: GLD) (NYSE: USO).... More
Dollar Ramps, Oil and Gold Sinks
September 17, 2012 1:59 PM EDTThe dollar is jumping higher. Meanwhile, oil and gold is crashing lower.
Related ETFs: (NYSE: USO) (NYSE: GLD)... More
