(Reuters) – Barclays (LON:BARC) raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas. The bank increased its 2021 Brent crude oil price outlook by $7 to $62 per barrel and West Texas Intermediate (WTI) […]
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to fresh lows against the Australian and Canadian dollars, and held near lows set overnight against its British and New Zealand peers. […]
By Jennifer Hiller HOUSTON (Reuters) – The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to industry experts, as companies deal with frozen equipment and a lack of power to run operations. Texas produces more oil and natural gas than any other U.S. state, and […]
By Hideyuki Sano TOKYO (Reuters) – The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S. bond yields jumped on the prospects of further economic recovery and a possible acceleration in inflation. Bitcoin traded just below the $50,000 mark, a day after the cryptocurrency hit […]
By Tom Westbrook SINGAPORE (Reuters) – The dollar fell to a three-week low on Tuesday, sterling hit an almost three-year high and commodity currencies rose as vaccination progress added to investors’ recovery hopes. The buoyant mood, and a sell-off in U.S. Treasuries, also dragged on the safe-haven Japanese yen, which fell through its 200-day moving […]
By Kevin Buckland TOKYO (Reuters) – The dollar headed for its first losing week in three as new signs of weakness in the U.S. jobs market dented investor expectations about the pace of economic recovery from the pandemic. Bitcoin hit a new all-time high of $49,000 on Friday after BNY Mellon (NYSE:BK) became the latest […]
