- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
The Wall Street Journal reported that oil prices rebounded on Friday after a three-month low ahead of US oil rig data and a slight overnight drop in the US dollar. As quoted in the market news: Oil prices bounced Friday from a three-month low on expectations that supply would continue to tighten, especially in the U.S. Light, sweet …
The Wall Street Journal reported that oil prices rebounded on Friday after a three-month low ahead of US oil rig data and a slight overnight drop in the US dollar.
As quoted in the market news:
Oil prices bounced Friday from a three-month low on expectations that supply would continue to tighten, especially in the U.S. Light, sweet crude for August delivery traded at $51.21 a barrel compared to $50.91 a barrel Thursday. Prices are getting a lift from a slightly weaker U.S. dollar overnight and ahead of data from the U.S. on the number of oil rigs, which is expected to show continuing declines, says Daniel Hynes, senior commodity strategist at ANZ in a note. “We continue to view the Iran nuclear deal as a negative price catalyst over the medium to long term,” adds ANZ. Brent crude futures rolled over to September, trading at $57.13. The August contract was at $57.51 Thursday.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.