Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the dollar strengthened, making crude more expensive for non-American buyers. Brent crude futures settled at $82.17 a barrel, shedding 67 cents, or 0.8%. West Texas Intermediate crude (WTI) settled at $75.88 a barrel, down 53 cents, or 0.7%.
Dollar Strengthens As Oil Prices Stabilize
U.S. News Today on Fox News, FOX News: Nation
Thu, 02/02/2023 - 5:58pm
Topics: west texas intermediate wti december commerce department dollar slides in value after rate hikes while japanese yen rises it john kilduff capital u.s federal reserve jim ritterbusch associates china's covid craig erlam oanda dollar may no longer be global reserve currency gordon chang helping european union opec u.s fed ritterbusch eu russian feb european commission oil prices products barrel settled orders wednesday crude inflation year uncertain cents expensive hit set increases supply industrial interest quarter central
BING NEWS:
- Oil prices end higher, but fall more than 2% for the week
Oil futures inched higher on Friday, but were on track to notch losses for the week as traders noted concerns that the Federal Reserve may keep interest rates elevated for longer than previously ...
05/24/2024 - 3:20 am | View Link - Crude oil prices today: WTI prices are down 2.10% today
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...
05/24/2024 - 2:49 am | View Link - IT stocks sink, dragging Sensex, Nifty to flat close
IT stocks closed lower amid concerns over tighter-for-longer US monetary policy. Sensex settled at 75,410.39 while broader NSE Nifty ended at 22,957. HDFC Bank, Bharti Airtel, L&T, Axis Bank, NTPC, ...
05/23/2024 - 11:50 pm | View Link - C$ hits 2-week low on rising policy divergence prospects
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 0.2% higher at C$1.3665 to the greenback, or 73.18 U.S.
05/23/2024 - 2:06 am | View Link - Rupee rises six paise against U.S. dollar as crude oil prices ease
The Rupee appreciated six paise to close at 83.31 against the U.S. dollar on May 21 following a weak greenback against major currencies overseas and softening crude oil prices in international markets ...
05/20/2024 - 11:58 pm | View Link - More
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