oil price

Oil Swoons, Dollar Firm, and an ECB Policy Meeting

March 9, 2017

West Texas Intermediate crude oil, which closed February above $54 and at 53.20 this past Tuesday, extended its plunge by 2.3% overnight to $49.12, a 3-month low. U.S. inventories are bloated. Due to a likely Federal Reserve interest rate hike next week and mounting expectations of perhaps three more increases during 2017, the dollar rose […] More

Softer Energy Prices, Stronger Yen

October 27, 2015

West Texas Intermediate oil fell 1.2% to $43.98 per barrel, and natural gas costs slipped to a three-year low. The yen is 06% stronger against the dollar, which otherwise firmed 0.2% relative to the loonie and 0.1% vis-a-vis sterling and the Swiss franc. ┬áThe euro, yuan and Aussie dollar are unchanged. Share prices mostly fell […] More