(Investing) – Oil prices rose on Tuesday amid pressure from a strong dollar as traders awaited more U.S. economic cues, while caution before an OPEC+ meeting this week kept markets on edge. Oil was nursing losses from the prior week after Israel and Hezbollah agreed to a ceasefire, lowering tensions in the Middle East. But heightened tensions between Russia and Ukraine
Yahoo Finance Crude oil prices edged lower on Tuesday, pressured by a stronger dollar, while investors shifted focus to U.S. inflation data due this week. Losses were limited, however, by escalating geopolitical tensions and hopes of improved demand this summer. Brent futures for August settlement were down 20 cents, or 0.2%, at $85.81 a barrel by 1319 GMT. U.S. crude
Investing LONDON – Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the United States and as the U.S. dollar strengthened, signalling that demand for oil is coming under pressure. Brent crude oil futures fell 52 cents, or 0.6%, to $82.64 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures fell 67
BOE Reports Oil steadied in early Asian trade on Thursday as a surprise draw in U.S. crude oil stockpiles that supported prices was offset by a smaller-than-expected cut to Russian supplies and stronger dollar. West Texas Intermediate U.S. crude rose 79 cents, or 1.09%, to $73.58 a barrel. Brent crude futures rose 47 cents or 0.61% at $77.92 a
BOE Report Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand. The dollar index climbed to a fresh 20-year high on Monday, capping oil price gains. U.S. West Texas Intermediate (WTI)
Reuters LONDON – Oil fell by more than 2% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline. Central banks around the world are certain to increase borrowing costs to tame high inflation this week and there is some risk of
Reuters LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. dollar also pressured prices. Brent crude futures for December LCOc1 were down 73 cents, or 1.7%, at $42.43 a barrel by 1226
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