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%.
Similar Stories to Dollar Strengthens As Oil Prices Stabilize on Bing News
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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:
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The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate ...
06/17/2024 - 3:41 am | View Link - US Dollar Strengthens Amid Hawkish Fed Remarks
This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits amidst market uncertainties. Optimistic forecasts ...
06/17/2024 - 3:25 am | View Link - Oil prices rise after booking best week since April as traders sift through China economic data
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06/17/2024 - 1:31 am | View Link - Less demand and stagnant oil prices has led to lower gas prices for drivers
Low demand and an excess gas supply are the two driving factors in the price decrease. Oil demand went up slightly from 8.94 million barrels per day to 9.04 this past week, Energy Information ...
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The US Dollar Index trades higher, driven by a weaker Euro and Japanese Yen.
06/14/2024 - 3:33 am | View Link - More
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