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Tag: stronger currency

crude
  • Commodity Market

Concerns over oversupply push oil prices lower

Mahalakshmi@fastura.com1 year ago02 mins

Oil prices fell slightly early Friday as concerns over oversupply and a stronger currency weighed on U.S. fuel stocks. Brent crude ended down 30 cents, or 0.41 percent, at $72.26 a barrel. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 percent, at $68.45. WTI is expected to fall 2.7 percent for…

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  • Commodity Market

A potential ceasefire in Gaza and the strengthening dollar caused oil to drop

Mahalakshmi@fastura.com2 years ago2 years ago02 mins

The prospect of a truce in Gaza took a toll on oil prices on March 22, further dented by a stronger currency and a decline in demand for gasoline in the United States. To futures contracts, the price of Brent Crude dropped by 0.5% to $85.36 a barrel. Similarly, US oil futures dropped 0.5% to…

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