82°
Baton Rouge, Louisiana
3 Day Outlook
Wed
85°
67°
30%
Thu
85°
69°
10%
Fri
85°
68°
20%
Follow our weather team on social media

Oil prices hover below $79 after three day slide

5 years ago October 27, 2009 Oct 27, 2009 Tuesday, October 27 2009 Tuesday, October 27, 2009 7:39:58 AM EDT in News
Source: Associated Press

Oil prices lingered below $79 a barrel today in Asia, after three days of losses, as investors eyed a volatile U.S. dollar.

Crude jumped to a 12 month high at $82 a barrel last week as the dollar weakened amid concerns that massive global stimulus spending will eventually spark inflation.

Some economists expect the dollar and oil to stabilize over the next three to six months as inflation fears ease.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
82°
64°
Wed
Isolated T-Storms
85°
67°
Thu
Mostly Sunny
85°
69°
Fri
Partly Cloudy
85°
68°
Sat
PM T-Storms
88°
70°