Tag Archives: Oil Prices

Oil prices fell more than 1% on Monday, weighed by expectations of sluggish global demand and a stronger dollar ahead of a possible significant interest rate hike. However, supply worries are limiting the price slide. The world’s central banks will almost certainly raise interest rates this week, and the Federal …

Oil prices were largely stable on Friday, but are heading for a weekly decline amid fears of sharp interest rate increases, which is expected to curb global economic growth and fuel demand. Brent crude futures rose 25 cents, or 0.3 percent, to $91.09 a barrel by 0921 GMT, but fell …

Gold price is fighting its own battle against soaring Treasury yields and the rising US dollar. Gold has lost about $40 on the day and hopes for a catalyst to rebound. The market is getting more nervous that the monetary mistake would lead to a severe session for gold like …

Oil prices fell on Thursday on demand concerns even after two influential international groups are still defending predictions for strong demand this year and next.Brent crude the international standard, fell 3.7%, to $90.65 a barrel, while West Texas Intermediate the US benchmark, fell 3.9%, to $85.02 a barrel. Both rose …

Canada’s currency slides to 2-month low on risk aversion, so, the Canadian dollar weakens 0.4% against its American counterpart. The current level touches its weakest since July 14 at 1.3214. The decline comes on Thursday as oil prices fell and the prospect of aggressive tightening by the Fed’s next meeting …

US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …

Crude oil gained 0.64 cents on Friday and trades at $87.25 versus Thursday’s close at $86.61. Crude prices rallied, on Friday, on the US session’s weaker dollar, declining US oil rigs by 9, in addition to retreating US-Iran talks. The US State Department said that the latest Iranian response in …

The negative market sentiment slightly began to ease early on Tuesday, although investors are generally pessimistic.The US dollar gave up some gains during the first half of the US session, particularly against high-yielding rivals, but managed to rebound during the second half of the session. The American currency performed higher …

Oil prices rose on Thursday on mounting concerns over supply shortages amid disruptions to Russian exports, possible production cuts by major oil producers and the partial shutdown of a refinery in the United States. By 0630 GMT, Brent crude rose 45 cents, or 0.4 percent, to $101.67 a barrel, while …

Brent crude rose above $100 per barrel on Wednesday after Saudi Arabia indicated earlier this week that OPEC might consider cutting production in response to poor liquidity in the oil futures market. Global crude oil benchmarks were up on Wednesday, with Brent oil futures for October delivery gaining 1.03% to …