Oil fell more than 1 per cent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in US crude inventories also dragged on prices.
Crude futures settled up more
Brent futures were little changed above $107 a barrel on Monday as concerns surrounding demand growth were countered by a weak dollar and fears about supply disruptions.
Investors have been rattled by a slowdown in China, and are
Gold edged higher on Friday, staying on track for its third straight weekly gain, helped by a weaker dollar and hopes of a prolonged period of easy monetary policy.
Bullion has gained nearly 10 percent in three weeks – its b
Brent crude edged towards $125 a barrel on Wednesday, rebounding from sharp losses a day earlier, as lower-than-expected US crude stocks and a weaker dollar offset the prospect of top exporter Saudi Arabia ramping up supply.
Brent crude pushed beyond $111 on Wednesday, helped by tight supply and a weak dollar, shrugging off demand forecast cuts from the IEA and Opec.
Brent crude for November was up 31 cents at $111.04 by 0903 GMT. US crude on the New York Merc
The weak US dollar is not a concern for Gulf economies, the Opec country's finance minister said on Saturday.
The dollar's slide has caused concern among oil producers as it pushes down the value of their dollar-denominated oil revenues wh
Oil prices rebounded toward $76 a barrel on Monday, after shedding nearly $1 in the previous session, as positive US jobs data buoyed hopes that energy demand in the world's largest fuel consumer would soon improve.
The dollar edged lower
Oil prices rebounded toward $77 a barrel on Monday, aided by a weaker US dollar, but investors continued to eye developments in debt-laden Dubai with caution over their impact on the pace of the global economic recovery.
Concerns about a s
Asia stocks slumped on Friday as shockwaves from Dubai's debt crisis hit the region, shaking banking shares and boosting the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
European shares were ex
Oil was steady above $77 a barrel on Thursday in holiday-thinned trade, after rising 2 per cent the previous day, buoyed by the dollar's sharp fall and a lower-than-expected build in US crude inventories.
The US dollar slumped to a more th