WTI oil
Oil Down, Dollar Up on a Lean Day for Data
July 11, 2017
West Texas Intermediate crude oil sank 0.9% to $44.01 per barrel, snuffing out yesterday’s nascent recovery. Comex gold fell 0.3% to $1,209.20. The dollar also advanced against other paper currencies, rising 0.8% versus the kiwi, 0.7% relative to the Australian dollar, 0.3% vis-a-vis the Mexican peso, Swiss franc and yen, and 0.2% against the loonie. […] More
Belief that Oil Prices Have Bottomed Grabs Market
January 22, 2016
In this early year of extreme market volatility, movements in oil — mostly downward until now — have dictated the tone in stocks, bonds, currencies and other commodities each day. From as low as $26.19 per barrel (weakest since May 2003) two days ago to as high as 31.04 per barrel today, West Texas Intermediate […] More
Dollar Opens Holiday-Abbreviated Week With a Bid Tone
November 23, 2015
Japan’s market was shut today for the Labor Thanksgiving holiday, and U.S. market leadership will be missing later in the week. Not much data were reported overnight, but the release of U.S. existing home sales, the Chicago Fed National Activity Index, the FHFA house price index, and preliminary U.S. PMI findings compiled by Market Economics […] More
