Sunday, January 5, 2025
Oil prices rebound 1% after dollar-related sharp declines- oil and gas 360

Oil prices rebound 1% after dollar-related sharp declines

(Investing) – LONDON – Oil prices rose about 1% on Thursday, paring some of the sharp declines seen earlier this week due to a stronger U.S. dollar and worries about rising supply amid slow demand growth. Brent crude futures were up 70 cents to $72.98 a barrel at 1401 GMT. U.S. West Texas Intermediate crude futures were up 68 cents to $69.11.

Oil falls as China stimulus fails to boost sentiment, US dollar rises- oil and gas 360

Oil falls as China stimulus fails to boost sentiment, US dollar rises

(Yahoo Finance) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate crude futures were at $68.47 a barrel, down