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Stock impact report

Oil slips on stronger dollar, oversupply fears [Yahoo! Finance Canada]

BOK Financial Corporation (BOKF) 
Last bok financial corporation earnings: 4/22 07:55 am Check Earnings Report
US:NASDAQ Investor Relations: bokf.com
Brent crude futures fell 31 cents, or 0.5%, to $64.58 a barrel by 12:27 p.m. (1726 GMT). U.S. West Texas Intermediate crude was down 33 cents, or 0.5%, at $60.72. "Crude futures are feeling the pressure today from high U.S. dollar valuation. The U.S. stock market is also seeing a heavy downside correction in the early trade as the government shutdown may be beginning to add downside pressure, which could eventually hurt domestic fuel demand," said Dennis Kissler, senior vice president of trading at BOK Financial. The dollar climbed to a fresh four-month high against the euro on Tuesday as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year. A stronger U.S. currency makes dollar-priced assets such as oil more expensive to those holding other currencies. Wall Street's main indexes slipped to over one-week lows on Tuesday following warnings of a market selloff from some big U.S. banks. The U.S. government shutdown on Tuesday entered its Show less Read more
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