Published 3 years ago

Oil price dip continues as higher dollar rate discourages traders

Summary by Ground News

West Texas Intermediate was 0.4% lower after sinking 1.5% on Thursday. The losses in raw materials followed the Federal Reserve’s midweek signal it will in time end the ultra-easy policy. Despite the retreat, the U.S. crude benchmark is only narrowly lower this week.

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The Nation

Oil price dip continues as higher dollar rate discourages traders

Oil prices continued downwards on Friday, fueled by the rising US dollar value, making dollar-priced oil more expensive and discouraging investors amid the resurgence of virus cases in the UK.

3 years ago·Lahore, Pakistan

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Bloomberg Quint

Crude Oil Extends Slump as Traders Weigh Dollar Against Demand

(Bloomberg) -- Oil fell below $71 a barrel after the biggest drop in four weeks as traders weighed prospects for a stronger dollar against rising demand.Continue Reading. Read more on Markets by BloombergQuint.

3 years ago·Mumbai, India

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