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Monday, August 14, 2006

Markets To Watch Today

Crude Oil: Concerns over supply shortages were eased by news late Friday from BP PLC that they would maintain production in the western part of Prudhoe Bay, which is the largest producing oil field in the U.S. The September Crude Oil contract closed down 1.11 at $74.35 a barrel, and the October Crude Oil contract also closed down 1.16 at $75.99 a barrel.

Dollar: The Dollar is poised to have a flat week, although there may be opportunities for volatility, specifically when there is new data released related to inflation. New data regarding inflation will push investors to adjust their expectations for a rate increase in September. The September Dollar contract closed up 44 at 85.39.