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Oil falls as U.S. dollar rises


Oil drops amid a stronger dollar

Oil prices, amid a stronger U.S. dollar, fell approximately 1%. At 11:12 GMT, Brent crude futures traded 45 cents or 0.94% lower at $47.63 per barrel.

Oil WTI trades 61 cents lower

The West Texas Intermediate crude futures in the U.S. traded at $46.09 a barrel, 1.31% or 61 cents lower.

Today's major releases


Japan's tertiary index dropped from -0.1% to 0.7%. The analysts predicted the indicator to fall -0.2%.


Germany's gross domestic product rose from 0.3% to 0.7%. The economists estimated the GDP to appreciate 0.6%.


The Hungarian gross domestic product dropped from 3.2% to 0.9% and did not meet the analysts' predictions for a fall to 2.3%.


The Italian gross domestic product climbed from 0.2% to 0.3%. The analysts estimated the nation's GDP to appreciate 0.3%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/oil-falls-as-u.s.-dollar-rises
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