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Bobby's Corner Market Open 6.30.2008

Posted by Bob Slade on Mon, 06/30/2008 - 8:19am in

Oil Surges

Good Morning:

Crude oil reached another new high overnight to over $143.00 a barrel, as speculation that supplies from Iran (OPEC’s second largest producer) may be disrupted as the dispute over Iran’s nuclear program continues.

The EUR/USD traded above 1.58 and USD/JPY broke 105. The dollar has since rebounded to the 1.5767 and 105.50 levels presently.

Asian and European Indexes were mixed, and US Futures are pointing to a lower opening.

Oil: $142.78 Gold: $935.20

Today we have data on:

Chicago PMI at 9:45 AM Exp: 48.5 Prior: 49.10

Have a GREAT DAY and GOOD LUCK