Oil trades lower on stronger US Dollar

Note: This section contains information in English only.
Source: WBP Online

On the back of the stronger Greenback, crude oil prices lost some ground on Monday. West Texas Intermediate declined 0.14%, trading at $49.26 per barrel, and Brent dropped 0.30%, trading at $49.80 per barrel by 12:40 GMT on Monday, whereas the US Dollar Index rose 0.39%.




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Mon, 30 May 2016 13:32:04 GMT

German CPI improves in May

The Preliminary Consumer Price Index in Germany picked up in May, whereas the inflation rate remained far below the target zone. According to the Federal Statistics Office, Germany's CPI grew 0.1% year-over-year in May, following the 0.1% drop seen in the previous month and meeting analysts' expectations. Meanwhile, the CPI gauge added 0.3% in the same period, compared to April's 0.4% decline.

Fri, 27 May 2016 15:48:45 GMT

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