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Oil pulls back on dollar strength, doubts for OPEC pact - MarketWatch
MarketWatch | Oil pulls back on dollar strength, doubts for OPEC pact MarketWatch A rise in U.S. interest rates usually does not bode well for oil prices, which are priced in the greenback. Higher interest rates could push the dollar higher, making oil products more expensive for traders who hold a different currency. The ICE dollar ... Oil down nearly 2 percent on surging OPEC output, strong dollar Oil falls nearly 2% on surging OPEC output, strong US dollar Oil Pessimists Exit as OPEC Cap Talk Spurs Bets Glut Easing |
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