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he rise in the dollar is causing oil prices to fall

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rocky
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he rise in the dollar is causing oil prices to fall

Post by rocky on Mon 05 Feb 2018, 3:17 am

he rise in the dollar is causing oil prices to fall











Oil prices continued on Monday, falling last weekend as the dollar gained as Brent crude slipped to its lowest level in nearly a month. 
Other markets fell after investors were apprehensive over the jobs report in the United States on Friday, which showed the fastest pace of wage increases in more than eight and a half years, fueling expectations of inflation. 
This has pushed the dollar higher, putting pressure on oil because of its dollar pricing. 
Brent fell 75 cents, or 1.1 percent, to $ 67.83 a barrel at 00:33 GMT after falling 1.5 percent on Friday. 
US WTI fell 66 cents to $ 64.79 after falling 0.5 percent in the previous session.

 


http://economy-news.net/content.php?id=10944

    Current date/time is Tue 16 Oct 2018, 3:44 pm