Oil continues to decline, driven by strong US Dollar

Note: This section contains information in English only.
Source: WBP Online
Crude kept its downtrend on Thursday as the Greenback strengthened after the FOMC statement, which showed that the Fed remained on track for hiking rates in 2015. The WTI futures fell 0.2% to $48.69 a barrel, while Brent crude declined to $53.46 by 06:30 AM GMT. However, recent drop in the US oil inventories to five-month low over the last week bolstered outlook for oil demand.
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Thu, 30 Jul 2015 11:17:04 GMT

Euro depreciates against FOMC-boosted Greenback

The shared currency fell versus the US Dollar on Thursday, following the FOMC statement, with the Fed still considering to increase interest rate in September if the data comes in strong. The EUR/USD pair dipped to weekly lows around $1.0960. Meanwhile, data coming from Europe showed the number of unemployed in Germany rose by 9000 in July, while unemployment rate

Thu, 30 Jul 2015 07:55:06 GMT

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