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A divergence in oil price futures amid negative stability of the US dollar index
Crude oil futures fluctuated on Thursday in a narrow range, showing mixed performance during the Asian session as the dollar index fell for the first time in three sessions, according to the inverse relationship between them and on the eve of economic data expected Thursday by the US economy, the world's largest consumer of energy Following the release of the weekly report of the US Energy Information Administration and the second half of the testimony, Federal Reserve Governor Jerome Powell told Congress.
US crude futures for November delivery rose 0.12% to $ 67.84 a barrel from $ 68.76 a barrel, while Brent crude futures fell 0.18% to reach 0.18% At $ 72.77 per barrel compared to the opening at $ 72.90 per barrel, while the dollar index fell 0.07% to 95.02 compared to the opening at 95.09.
The markets are looking for the US economy to release the weekly reading of the index of requests for aid, which may reflect a rise of 6 thousand applications to about 220 thousand applications during the week of July 14, while the weekly reading of ongoing requests for aid may decline by 14 thousand applications to about 1,725 A request was made during the last week of July 7.
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