By Aaron Sheldrick TOKYO (Reuters) – Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region. Brent crude futures reversed early losses and were up 36 […]
By Aaron Sheldrick TOKYO (Reuters) – Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm. West Texas Intermediate (WTI) crude (Clc1) had climbed 93 cents, or 1.6%, to […]
By Stanley White TOKYO (Reuters) – The dollar neared a three-week high against a basket of major currencies on Wednesday as investors continued to unwind bets on deep U.S. interest rate cuts, pushing Treasury yields higher. Further gains in the greenback depend on the tone Federal Reserve Chairman Jerome Powell strikes during two days of […]
