Crude Rebounded together with Equities Despite Mixed Housing Data
BonTradeCrude oil rebounded in NY session Tuesday as driven by reversal in Wall Street. Corporate earnings results were disappointing while new home sales plunged to an 8-month low. However, investors looked forward for Fed Chairman Ben Bernanke's Congressional testimony in Capitol Hill today. The market anticipated Bernanke would downplay recent weak data that might lead to a double-dip recession.
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Crude Rebounded together with Equities Despite Mixed Housing Data
