Crude-oil futures fall 3% as dollar gains

Date: Mon, 07 Jul 2008 12:03:24 -0400

Crude-oil futures slide 3%, leading a broad retreat in commodities, as
strength in the dollar amid the Group of Eight meeting puts the
benchmark contract under heavy selling pressure.

Bond Report: Treasurys little changed ahead of Fed speakers

Treasurys were little changed early Monday as investors, lacking any
economic reports, focused on outlooks due from Federal Reserve
officials.

Market Snapshot: U.S. stock indexes lifted as oil falls more than $3.50
a barrel

NEW YORK
U.S. stocks on Monday swung solidly higher as a rising dollar and a drop
in commodities prices -- including crude oil falling as much as $5.0 a
barrel -- helped offset caution about second-quarter earnings season.

Bertha becomes first Atlantic hurricane of 2008

LONDON
Tropical storm Bertha strengthened into the first hurricane of the 2008
season overnight, an early indication that this year's season could be
as busy as usual, if not busier.

Financial shares turn lower amid weakness in bank stocks

U.S. financial stocks move into the red, reversing early gains, as
investors key on further evidence of a sour investment climate for
banking stocks.