Oil Gains 5 on Weaker Dollar, Tight Supplies

July 18 Reuters Oil prices rose more than 5 on Monday, boosted by dollar weakness and expectations that the U.S. Federal Reserve won39;t raise interest rates by a full percentage point at its next meeting to combat inflation. Brent crude futures for September settlement gained 5.11, or 5.1, to settle at 106.27 a barrel, after […]
Read More

Oil Settles Up 1 on Worries about Tight Supply

NEW YORK, July 19 Reuters Oil prices rose about 1, with global benchmark Brent settling at a twoweek high in volatile trade on Tuesday as traders worried about tight supplies and a weaker dollar. Brent futures rose 1.08, or 1.0, to settle at 107.35 a barrel. U.S. West Texas Intermediate WTI crude rose 1.62, or […]
Read More

AUD up, safehaven CHF USD Down as sentiment Recovers

Rates as of 0500 GMT Market Recap Risk appetite generally returned, pushing commodity currencies higher and the safehaven CHF and USD lower. After trading through parity last Thursday, EURUSD recovered and traded as high as 1.0201 yesterday. EURCHF climbed to 0.9934 but cant manage to poke its nose back above 1.0. Prices of most major […]
Read More