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Oil prices plummet due to rising dollar and Brent close to the lowest level in a month

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rocky
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Oil prices plummet due to rising dollar and Brent close to the lowest level in a month

Post by rocky on Mon 05 Feb 2018, 2:09 am

[ltr]Oil prices plummet due to rising dollar and Brent close to the lowest level in a month[/ltr]
[ltr]Economie[/ltr]
 Since 2018-02-05 at 08:42 (Baghdad time)
[ltr][/ltr]
[ltr]Follow-up[/ltr]
[ltr]Oil prices continued falling Monday as the dollar gained as Brent crude fell to its lowest level in nearly a month.[/ltr]
[ltr]Other markets fell after investors were apprehensive over Friday's jobs report, which showed the fastest pace of wage increases in more than eight and a half years, fueling inflation expectations.[/ltr]
[ltr]This has pushed the dollar higher, putting pressure on oil because of its dollar pricing.[/ltr]
[ltr]Brent fell 75 cents, or 1.1 percent, to $ 67.83 a barrel at 0033 GMT, after falling 1.5 percent on Friday.[/ltr]
[ltr]Western Texas Intermediate crude fell 66 cents to $ 64.79 after falling 0.5 percent in the previous session[/ltr]




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