"Oil prices have little chance of (posting) deep losses on the back of a weak U.S. dollar and the ongoing supply crunch," said CMC Markets analyst Tina Teng. Oil typically rises when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.
from Commodities-Markets-Economic Times
Read The Rest:economictimes...
Post Top Ad
Friday 29 July 2022
Oil prices rise on tight supply as attention turns to OPEC+ meeting
Tags
# commodities
Share This
About ajit
commodities
Tags:
commodities
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment