Oil boosted by dollar weakness, but headwinds loom:
"The oil rally paused for breath on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar continued to underpin prices.
Brent crude futures stood at $70.49 per barrel at 1047 GMT, 7 cents above their last close. On Thursday, the contract climbed to as high as $71.28 per barrel, its highest since 2014.
U.S. West Texas Intermediate (WTI) crude futures were at $65.66 a barrel, up 15 cents from their previous close, recovering from a session-low of $64.91 a barrel. On Thursday, they also reached their highest since December 2014, at $66.66 per barrel."
'via Blog this'
No comments:
Post a Comment