Oil prices slipped on Thursday after US government data showed that gasoline stocks and distillate inventories rose last week, although the falls were checked by continuing Middle East geopolitical tensions and a weaker US dollar.
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