Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.
Oil bulls have pushed prices higher this week, a
Oil prices rose on Wednesday to hold near 2015 highs, continuing a month-long rally that was supported by a weaker dollar and a disruption to crude exports in Libya.
Oil bulls have pushed prices higher this week, after a rally of
British Airways-owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM.
Both airlines saw l
The strong US dollar continued to hit Dubai property prices during the first quarter (Q1) of the year, but apartment transaction volumes remain resilient, an industry expert said, adding that the market downturn is attracting selective investmen
Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy US economic data.
Gold rose on Friday as chart levels were broken, but was still heading for its first weekly fall in four, pressured by a stronger dollar and renewed expectations for a US rate hike this year.
Spot gold climbed 0.8 per cent to $1,2
Gold fell on Tuesday and was heading for a third straight quarterly fall, pressured by a strong dollar and expectations the US Federal Reserve will increase interest rates this year.
Bullion has fallen 3 per cent since hitting a t
Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.
The two sides h
Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.
The dollar slipped 0.3 per cent
A V-shaped recovery in oil prices is unlikely and Brent will average $52 per barrel in 2015 and $58 per barrel in 2016, a report said.
In the past 15 years, the global economy was defined by rising commodity prices, zero interest