Brent Crude Falls 45 Cents, Or 0.7 Percent to $64.97 Per Barrel

Brent crude futures were down 45 cents at $64.97 a barrel. The analysts observed that a strengthening dollar that hit a six-day high, however, weighed on oil prices. It is concluded that the robust dollar makes oil and other dollar-denominated commodities more expensive for holders of other currencies. However, since 7the…

Oil Leads for More Sway, While Dollar Will Give Near-Term Triggers

Last week it was noticed that the crude oil prices see-sawed in a range before finishing higher. It was because the number of US oil rigs fell for the first time in seven weeks. It pointed a potential slowdown in domestic oil output. It is estimated that the risk-off move…