Crude Oil Falls a Second Day After Reuters Reports OPEC May Raise Output

(Bloomberg) -- Crude oil fell after Reuters reported
the Organization of Petroleum Exporting Countries was concerned
about high oil prices and their impact on the world economy.

The group may pump more oil to increase supplies, though it's
unclear whether extra production will be needed this year, OPEC
President Mohamed al-Hamli said, according to Reuters. Reports that
Chevron Corp. started its refinery in El Segundo, California, last
week helped pull oil prices lower.


Read more at Bloomberg Energy News

Dollar Drops to One-Month Low Against Euro on Outlook for Interest Rates

(Bloomberg) -- The dollar fell to the lowest level in
more than a month against the euro and dropped against the yen on
speculation the Federal Reserve will keep borrowing costs
unchanged while other central banks extend their increases.

Investors also sold the U.S. currency amid concern losses
from the subprime mortgage sector may weigh on the broader
economy, dimming the allure of dollar-denominated assets. Reports
this week are forecast to show U.S. job growth slowed last month
while a gauge of the service sector declined.


Read more at Bloomberg Currencies News