
Can A Fed Interest Rate Hike Save The Dollar?
The dollar has been trending to the downside, particularly since the new covid [...]
Oil prices, following Goldman Sachs' statement that the market entered into a deficit era amid the two years of oversupply and the worldwide disruption on the commodity, climbed 1% today, Monday.
Brent crude oil at $48.62 a barrel
At 04:41 EST, Brent crude futures traded 1.65% or 79 cents higher at $48.62 a barrel. The crude futures in the U.S. traded at $46.95 a barrel, rising 1.6% or 74 cents.
Moreover, the excess supply was minimized, following the global disruptions that amounted to 3.75 million barrels, thus pulling oil prices 70% lower between 2014 and 2016.
Read More
Monday, 16 May, 2016 / 3:02
Can A Fed Interest Rate Hike Save The Dollar?
The dollar has been trending to the downside, particularly since the new covid [...]
Crude Rallies Despite EIA Inventories Build
Crude Higher As Risk Appetite Recovers Crude oil prices have been sharply [...]
Von Der Leyen: EU Is Catching Up With The UK
Greenback Index Flirts With 90 The dollar strength faded throughout [...]