Tuesday, July 14, 2009

OIL FUTURES: Crude Stays Above $60/Bbl Ahead Of US Oil Data

SINGAPORE (Dow Jones)--Crude rose in Asia Tuesday as traders bet oil prices would rebound slightly ahead of inventory data from the American Petroleum Institute and company earnings due later in the U.S.

Investors will focus this week on second-quarter earnings - especially for U.S. banks - to set their outlooks for oil, several analysts said.

"If the banks improve, then the economy as a whole will as well, including consumption and need for link ...


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