New York Mercantile Exchange News
Obama: Congressional Leaders Approve Debt-Limit Increase
President Barack Obama said tonight that leaders of both parties in the U.S. House and Senate had approved an agreement to raise the nation’s debt ceiling and cut the federal deficit that must now be sold to Congress.Asia Stocks, U.S. Futures, Dollar Gain on Deal
Asian stocks snapped a three-day loss, U.S. stock futures surged and the dollar gained versus the yen and Swiss franc after President Barack Obama said Congressional leaders reached an agreement to raise America’s debt ceiling
Oil Climbs on Prospect of U.S. Debt-Limit Deal; Funds Bullish on Gasoline
Oil advanced from a two-week low in New York on optimism that lawmakers and President Barack Obama are close to agreement to raise the federal debt limit and avoid a default in the world’s biggest crude consumer.
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