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- A weaker U.S. dollar also helped support oil prices after the dollar hit a 17-week low against a basket of major currencies. A weaker dollar can boost demand for oil by making greenback-denominated commodities like oil cheaper for holders of other currencies.
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Jul 17, 2024 · NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic...
Jul 17, 2024 · Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China.
Jul 3, 2024 · Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories...
Jul 31, 2024 · Crude oil prices jumped sharply Wednesday, reversing a weeks-long trend of declines, amid rising tensions in the Middle East and falling U.S. inventories. Western Texas Intermediate (WTI)...
Nov 9, 2023 · 0830 GMT – Crude oil prices are steadying as worries over fundamentals overshadow the risk presented by the Israel-Hamas war. Brent crude and WTI are up 0.7% to $80.12 a barrel and $75.85 a...
Jun 20, 2024 · 0753 GMT – Oil prices are broadly steady after a low-volume trading session on Wednesday due to a U.S. holiday, as expectations of a tighter market balance over the summer and persistent...
Apr 2, 2024 · Global oil prices continued surging Tuesday amid a combination of supply and demand considerations that threaten to push Brent crude beyond $90 per barrel for the first time in six months.
