The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the US dollar, while activity in Asian shares was crimped by a holiday in Japan.
The strength of the dollar also combined
Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed US inventory levels had risen for a sixth week and mounting evidence of weakness spreading through the physical market.
Oil prices fell in early trading in Asia on Monday as analysts expected weaker demand from China in upcoming months.
Benchmark US crude futures CLc1 were down 41 cents from their last settlement at $46.18 per barrel at 0025 GMT (0
Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with US inventory data expected to show another increase in crude stocks.
Brent for December delivery had fallen
Saudi Arabia is proceeding with public transport projects as scheduled and companies may face penalties if there are delays, Minister of Transport Abdullah Al Muqbil was quoted as saying by a leading local newspaper yesterday.
Goldman Sachs said crude oil prices could fall to production cost levels if the current supply glut stretches beyond available logistical and storage capacity.
"Fundamentals remain weak and we view the mar
Kuwait's sovereign wealth fund, one of the world's largest, is considering selling assets to cover a state budget deficit caused by low oil prices, the country's Al-Anba newspaper reported on Sunday, quoting unnamed sources.
Governments in the Gulf Cooperation Council (GCC) are maintaining capital investment spending to support economic activity, despite rising fiscal pressures from falling oil prices, a Standard & Poor's Ratings Services report said.
The next six months may prove a pivotal turning point in the recovery of global commodities markets, said an industry expert.
Following nine months of geo-political incidents in Europe and the Middle East, and widespread uncertain
Oil prices have finally crept up on drilling and production levels in the US, a report said, adding that the onshore rig count has continued to soften as many operators have chosen to wait for improved economics to continue operations.