[ad_1] Last Updated: May 23, 2023, 00:57 IST Last week, both oil benchmarks gained about 2% in their first weekly rise in five after wildfires shut in large amounts of crude supply in Alberta, Canada. (Image: Reuters File) Oil prices, however, were held in check by a stronger dollar and as the market waited for … Read more
[ad_1] The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency against six rivals, pared gains that … Read more
[ad_1] Last Updated: May 05, 2023, 06:12 IST Oil prices were also hurt by a strengthening dollar after the European Central Bank raised rates on Thursday. (Image: Reuters File) For the week, Brent was set to close down 8.7%, while WTI was set to close 10.5% lower Oil prices held steady in early trading on … Read more