Monday Markets: Equities stable but Oil higher

Posted By on January 31, 2011

The US stock market surprised many with strength as all three indices were up after continued turmoil in Egypt over the weekend and today (last week). MarketsTo nobody’s surprise though, oil traded higher on the ICE futures exchange which saw Brent crude up $1.59, or 1.6%, at $101.01 a barrel; that was the highest settlement since Sept. 26, 2008. It has been two years since oil has hit the $100-a-barrel threshold. On the New York Mercantile, light, sweet crude for March delivery closed up $2.85, or 3.2%, at $92.19 a barrel … which was its highest settlement since Oct. 3, 2008.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.