Home
News
默认头像

WTI Breaks Above $40 Ahead of Doha Summit

2024-12-31OANDAOANDA
Oil reached a 2016 high above $43 a barrel on Tuesday, supported by hopes that an upcoming meeting of oil producers will tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China. Members of OPEC and outside producers such as Russia are meeting in Doha, Qatar on […]

Oil reached a 2016 high above $43 a barrel on Tuesday, supported by hopes that an upcoming meeting of oil producers will tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.

Members of OPEC and outside producers such as Russia are meeting in Doha, Qatar on Sunday to discuss freezing output. The dollar fell to its lowest in nearly eight months against a basket of currencies, supporting commodities.

Brent crude futures were up 31 cents at $43.14 a barrel by 9:12 a.m. ET (1312 GMT), having earlier in the session reached a 2016 high of $43.58.

U.S. West Texas Intermediate (WTI) was up 3 cents to $40.39 a barrel, off a session peak of $40.91.

Disclaimers

The article is sourced from oanda with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.

OANDA Enter the brand column

Hottest

10 Months Ago

European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.

10 Months Ago

John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.

10 Months Ago

Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.

10 Months Ago

While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of

10 Months Ago

Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.

home

Home

home

Brokers

home

News

home

Expo

home

Mine