International Investing

Before retreating. The WSJ reports:

The prospect of $100 crude becoming increasingly likely encouraged further buying interest, and deterred sellers as they braced themselves for more gains, with all eyes on Wednesday’s U.S. Department of Energy inventory data.

“We have U.S. energy stock numbers this afternoon with again draws expected for crude, the magnet of $100 has been plain to see,” said Rob Laughlin of MF Global. “$100 becomes more of a reality each day as a weak dollar combined with a disillusioned equity and banking sector all fuel an existing bullish trend.”