Crude Oil down on Iran concerns; Euro down to 5-day low
Published On: February 1, 2012 | Duration: 2 min, 39 sec
Dr. Enzio Von Pfeil, Manager of The Economic Time Bond Fund spoke to NDTV Profit on commodity and currency market. Oil has traded near the lowest in more than a week with prices falling 0.4 per cent in Jan for the 2nd month, mainly on the back of Middle east concerns on Iran and Syria. Euro too fell to the lowest in 5 days against the USD, closing down 0.5 per cent at $1.3084 yesterday as concerns over Portugal spark more weakness.
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