Wednesday, January 29, 2025

Oil Climbs on Weak Dollar Despite Inventory Build

Oil jumped almost 3% on Wednesday April 27 to close above $45.33 a barrel for the first time since November 4, 2015, reaching new highs for 2016 amid mixed signs from the U.S. oil market and U.S. Federal Reserve. The oil market was the tale of two halves today with the inventory report coming in the morning and the Federal