Oil prices turned down more than 3%, during trading on Friday, as Brent crude fell below $79, with the strength of the US currency. Crude's performance comes on the heels of the US' call for major oil consumers for a…
Continue ReadingOil prices turned higher on Thursday, with Brent crude rising above $80 again, after falling earlier in the session, with major oil consumers heading to release strategic reserves. Today, Thursday, China announced its intention to release reserves, in the wake…
Continue ReadingOil prices deepened their losses by more than 1%, in trading today, Wednesday, with US crude falling below $ 80, before the release of official data on crude stocks in the United States. This comes at a time when many…
Continue ReadingSummary: Dollar rises to 4-1/2 year high vs. yen Strong retail data may encourage Fed tapering Pound rises after UK inflation hits 10-year high Euro STOXX 600 up 0.1% The dollar jumped on Wednesday, as strong U.S. retail sales data…
Continue ReadingOil prices continued their gains, during trading on Tuesday, with US crude trading above $81, after the report of the International Energy Agency, which maintained its forecast for global demand for crude unchanged. The rise in crude prices, supported by…
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