MW: Oil turns higher after housing data, gold falls
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures turned higher Monday after sales of new homes in the U.S. rose more than expected, stoking hopes the economic recovery is on track. Crude for September delivery added 21 cents, or 0.3%, to $79.20 a barrel on the New York Mercantile Exchange. Gold futures, meanwhile, deepened losses after the data. Gold for August delivery lost $6.20, or 0.5%, to $1,181.70 an ounce on the Comex division of the New York Mercantile Exchange.
