US Dollar benefits from rising Oil price – Commerzbank DollarIndex Oil Banks Energy
The decision of the OPEC+ countries to reduce the Oil production has caused Oil prices to jump. Within the G10 universe it was mainly the
“The burger in New York is more valuable because it has to be produced despite the fact that those frying it could get more lucrative jobs on the Oil fields and despite the fact that those providing the capital to set up the shop could just as easily invest in shale Oil firms. That makes the burger in New York more valuable than the same burger in Hamburg, Milan or Tokyo.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Oil jumps on surprise output cut, US Dollar benefits from cautious moodHere is what you need to know on Monday, April 3: Markets have started the week on a cautious note and the US Dollar has kept its footing after having
Read more »
As oil prices recover, West Texas Intermediate emerges as grade of choice for European oil importersThe U.S. benchmark for the price of oil, is hovering once again in the $75-per-barrel...
Read more »
USD/CAD retreats from 1.3500 as OPEC’s surprise cut drives oil price, US PMI eyedThe USD/CAD has retreated from 1.3520 after a rebound attempt followed by a gap-down opening from 1.3488 in the early Tokyo session. The Loonie asset
Read more »
Goldman Sachs raises Brent oil price forecasts after OPEC+ output cutsGoldman Sachs (GS) revised up its Brent Oil price forecast for December 2023 by $5 to $95 a barrel, as well as increasing the December 2024 forecast b
Read more »
Goldman Sachs raises Brent oil price forecasts after OPEC+ output cutsGoldman Sachs has raised price forecasts for Brent crude futures following a surprise announcement from OPEC+ that the producer alliance will cut oil output further.
Read more »