Crude oil fell for the fifth time in six days amid signs of economic weakness in the U.S. and Europe that darkened the outlook for oil demand. The sharper-than-expected drop in U.S. factory output ...
Yesterday's release of the April Producer Price Index (PPI) for finished goods shows a month-over-month decrease of 0.6%, seasonally adjusted, in Headline inflation. Core PPI rose 0.1%. Briefing.com ...
Crude oil is seen trading near a two-week low as the U.S. dollar resumes its rise while oil inventories are seen rising in the United States amid a bleak outlook for global demand growth. The dollar ...
As the U.S. dollar is taking a respite, crude oil managed to stay above the $95.00 a barrel level. However, prices seem to be stuck around this level amid hopes of a revival in demand for oil and ...
Crude fell Monday as the U.S. dollar strengthened against major currencies. OPEC released its monthly report ahead of a key summit on May 31, showing that global oil demand is still weak and will ...
CLWest Texas Intermediate crude fell as the dollar strengthened against the euro, after the number of Americans filing jobless claims decreased to the lowest level in over five years. Prices dropped ...
Despite the signs of recovery from the U.S. economy, the fast rise in China’s inflation kept investor optimism in check and triggered demand worries. A firmer U.S. dollar is also weighing on oil...
Despite losses, crude holds above $96.00 as Cushing inventories fall while Iraq’s crude exports to Turkey were disrupted by sabotage. The Bank of England’s rate decision later in the day ...
Crude oil recovered yesterday’s losses after China’s data showed crude imports by the world`s second largest consumer rose in April; gains however are limited as worries over the faltering...
Following the surge in crude prices in the past three trading sessions, some investors seized the opportunity to book profits, but rising tensions in the Middle East are triggering supply concerns. ...
