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