Crude oil prices settled down -2.93% at 2950 amid a soaring dollar, as the weekly U.S. oil rig count moved lower for a 10th consecutive period last week exacerbating concerns of oversupply on domestic energy markets. For the week, crude futures were down by around 4 percent, sliding since Wednesday after a sixth weekly build in crude stockpiles.
Related Posts:
MCX Bullion News Updates
Gold prices-Gold added to an overnight surge in prices on Tuesday, as escalating geopolitical tensions in the Middle East and a global stock market rout triggered safe-haven bids for the metal. Bullion, often seen as alte… Read More
MCX Bullion News Updates
Gold prices-Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row. The precious metal has lost… Read More
MCX Bullion News Updates
Gold prices-Gold inched up on Monday, bolstered by a jump in oil prices and safe-haven bids from rising geopolitical tensions in the Middle East. Higher oil prices support bullion, as gold is often seen as a hedge against … Read More
MCX Bullion News Updates
Gold prices-Gold was steady on Thursday, ending the year down 10 percent for its third straight annual decline, ahead of another potentially challenging year in 2016 amid the prospect of higher U.S. interest rates and a r… Read More
MCX Bullion News Updates
Gold prices-Gold was little changed on the last trading session of the year, but looked set to post its third straight annual loss, undermined by a robust dollar and prospects of higher U.S. interest rates. Next year too go… Read More
0 comments:
Post a Comment