Crude oil futures at the New York Mercantile Exchange ended a tad higher Monday, as traders squared positions after last week's sharp increases in prices.
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But most of the day was spent squaring positions ahead of the Agriculture Department's U . S . supply-and-demand and world crop production reports, Roose said.
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Prices of Treasury securities were narrowly higher Friday as dealers and traders squared positions ahead of the Federal Reserve's meeting next week to consider interest rates.
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Wednesday, most market participants chose to square positions as the market began to look ahead to next week with more supply looming and fresh economic data.
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"I don't think this represents a turnaround in the fundamentals, it just provided an excuse to square positions up that have been reasonably profitable, " he added.
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BLUE-chip stock Index ended 1.1 per cent higher yesterday, but the market undertone was weak as punters squared positions worried by the rapid decline of the rupiah.
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Speculators such as brokerage dealers sold to take profits after Monday's gain, and to square positions ahead of the release of Japan's April-June Gross Domestic Product data Thursday.
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BLUE-chip stock Index ended 1 . 1 per cent higher yesterday, but the market undertone was weak as punters squared positions worried by the rapid decline of the rupiah.
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The dollar's relative weakness from New York came after U . S . hedge funds continued to sell dollars for yen to square positions ahead of the weekend, they said.
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Boosted by increased U . S . consumer confidence, the dollar strengthened across the board Tuesday as investors began squaring positions ahead of an expected Federal Reserve rate hike on Wednesday.
