Oil extends gains, euro recovers on ECB assurances

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/xcTSgb_fYcTMmxBf_3VkYQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/Part-HKG-Hkg10144504-1-1-0.jpg (http://news.yahoo.com/oil-extends-gains-euro-recovers-ecb-assurances-025723301--finance.html)Oil prices extended gains on Friday after a volatile week for the commodity, while the euro edged lower after rallying on an ECB assurance that Greek banks would have access to crucial funds. Investors seemed to shrug off a clash between Greece's new finance minister and his German counterpart over renegotiating Athens's debt and a strong rally on Wall Street provided support to most Asian markets. Sydney rose for a record 12th straight session, adding 0.16 percent, or 9.20 points, to close at 5,820.17, despite Australia's central bank lowering its 2015 economic growth forecasts.



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