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NEW YORK: Oil prices fell 2% on Monday as investors grew more risk averse, which hurt stock markets and boosted the U.S. dollar, making oil more expensive for holders of other currencies
NEW YORK: Global shares edged higher on Wednesday on the strength of U.S. equities markets that were boosted by rising oil prices and positive economic data out of the United States.
TOKYO: Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even as the U.S. industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast.
(BLOOMBERG) -- After a summer breather, the commodities the world relies on for construction, manufacturing and keeping the lights on are surging again.
SINGAPORE: Oil prices rose for a second session on Monday as concerns over shut output in the United States, the world's biggest producer, following damage from Hurricane Ida supported the market, along with expectations for higher demand.
Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a fall in US crude stocks and were set for modest weekly gains ahead of a highly anticipated US monthly jobs report.
TOKYO: Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, a key source of crude demand, remained offline.
WASHINGTON/LONDON: U.S. and global equity benchmarks hit all-time highs on Monday, as the Federal Reserve appeared in no rush to step away from its massive stimulus, and U.S. oil prices finished higher.
TOKYO: Oil prices pared early gains on Monday, falling back from more than three-week highs reached earlier in the session, as a powerful hurricane slammed into the U.S. Gulf coast, forcing shutdowns and evacuations of hundreds of offshore oil platforms.
Oil prices rose more than 2% on Friday evening (Aug 27) and were on track for their biggest weekly gains in over a year as energy firms began shutting production in the US Gulf of Mexico ahead of a major hurricane expected to hit early next week.