ForexLive Americas FX news wrap: Oil rips higher again via ForexLive

Forex news for August 31, 2015: - creep to 40% in Sept - WTI crude up $3.29, or 7.3%, to $48.53 - Gold up $2.70 to $1136 - US 10-year yields up 4 bps to 2.95% The big story was the early drop in oil prices followed by a massive turnaround. It's the third consecutive day of major oil gains. After hitting a session low of $43.63, crude began to drift higher and then shot as high as $49.33. Various headlines were blamed but global growth and an epic squeeze.

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