Oil Hits 2-Week High on Dollar’s Fall, Robust Demand Signs
Oil prices were up to a two-week high on Thursday, driven by weakness in the US dollar, while the country’s record high crude exports signaled strong global demand despite the
Oil prices were up to a two-week high on Thursday, driven by weakness in the US dollar, while the country’s record high crude exports signaled strong global demand despite the
Oil prices were mainly trading on stable grounds on Wednesday following a higher-than-expected surge in US crude inventories, with supply concerns and a falling US dollar driving prices. Global benchmark
US exports of nitrogen fertilizers rose to a multi-year high in August, finding support on higher prices in European natural gas, which raised the cost production of the crop nutrient,
Oil prices were down over 2% on Monday as demand in leading crude importer China remained weak in September due to tight COVID restrictions and fuel-export limits weighing on consumption.
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews