The White House announced during a press statement today, Tuesday, that the US President decided to release the strategic oil reserves of the United States of America, estimated at about 50 million barrels, within 3 months, to contribute to calming crude oil prices, especially since oil prices are high and affect economic growth. <\/p>\n\n\n\n
Oil prices settled near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of its reserves to calm the market.<\/p>\n\n\n\n
Brent crude futures fell 12 cents, or 0.15 percent, to $ 79.58 a barrel by 1304 GMT, after falling earlier to $ 78.55, while US West Texas Intermediate crude futures fell 50 cents, or 0.65 percent, to $ 76.25 barrel.<\/p>\n\n\n\n
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The dollar rose against the Japanese yen to its highest level in four and a half years as investors anticipate a divergence in US interest rates from those in Japan.<\/p>\n\n\n\n
The dollar’s movement against the yen fell by 0824 GMT, with a 0.2 percent drop to 114,590 yen, compared to the highest level reached earlier in the session when it recorded 115.160 yen.<\/p>\n\n\n\n
The euro rose 0.2 percent against the dollar at 1.1258 dollars, after hitting its lowest level in 16 months against the US currency.<\/p>\n\n\n\n
The Turkish lira fell to a new record 12 against the dollar after President Recep Tayyip Erdogan defended recent interest rate cuts and vowed to win what he described as his “economic war of independence”.<\/p>\n\n\n\n
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The White House announced during a press statement today, Tuesday, that the US President decided to release the strategic oil reserves of the United States of America, estimated at about 50 million barrels, within 3 months, to contribute to calming crude oil prices, especially since oil prices are high and affect economic growth. Oil prices …<\/p>\n","protected":false},"author":9,"featured_media":52585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6928,6911,6864,6837],"class_list":["post-55475","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-euro","tag-europe","tag-european-stocks","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55475"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55475\/revisions"}],"predecessor-version":[{"id":55476,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55475\/revisions\/55476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52585"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}