Oil settled below $77 a barrel Tuesday as the stock market swung between losses and gains on mixed economic news. After a run-up from $72 a barrel at the end of August, crude oil has again slowed its advance, mainly on concerns about the strength of the global economy. While positive news on China’s economy [...] [...more]
Oil prices rose on Wednesday for the first time in three sessions to trade around $75 a barrel, bouncing with equities and supported by a weaker dollar as concerns over the European banking system eased and investors cautiously bought riskier assets. A weaker U.S. dollar tends to boost the price of dollar-priced commodities as it [...] [...more]
Crude oil saw an extremely volatile session during last week’s trading. Crude began last week with a sharp fall to $71.50 a barrel. However by Tuesday crude saw a trend reversal that brought it up to $75.40 a barrel. Crude oil fell during the beginning of last week due to concerns that the U.S. economy, [...] [...more]
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