Published 1 year ago

Oil steady on subdued dollar, traders await more inventory data

Summary by Ground News

Brent crude futures rose by one cent to $83.70 a barrel at 0405 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed by 15 cents to $77.29. Oil benchmarks expected to retain support after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates.

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Reuters

Oil steady on subdued dollar, traders await more inventory data

Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends.

1 year ago·United Kingdom

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Channel News Asia

Oil climbs 3rd day on subdued dollar, US crude stocks' drop

SINGAPORE :Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends.Brent crude futures rose by one cent to $83.70 a barrel at 0405 GMT, after gaining 3.3 per cent in the previous session. U.S. West

1 year ago·Singapore

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Inquirer

Oil climbs 3rd day on subdued dollar, U.S. crude stocks’ drop

MELBOURNE – Oil prices rose early on Wednesday, extending gains from the previous two days, as the dollar fell after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected and as U.S. crude stocks surprisingly fell. Brent crude futures inched up by 11 cents, or 0.1 percent, to $83.80 […] The post Oil climbs 3rd day on subdued dollar, U.S. crude stocks’ drop appeared first on Inquirer Business.

1 year ago·Manila, Philippines

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Business Today

Crude oil climbs 3rd day on subdued dollar; Brent hits $83.30/bbl

The dollar index was down slightly at 103.29 in early trade, extending losses after Powell's comments on Tuesday, making oil cheaper for those holding other currencies.

1 year ago·India

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