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Weekly Oil Markets Recap - WTI Finishes At New 2-Year High While USD Finishes At New Low - Seeking Alpha
Seeking Alpha | Weekly Oil Markets Recap - WTI Finishes At New 2-Year High While USD Finishes At New Low Seeking Alpha USD finished at a new 2-year low, and as we said previously, this is just the start of a multi-year downtrend. There is a headwind developing for oil, however, and if Brent-WTI spread shrinks further, it implies less relative US crude draws ahead. We ... Oil settles higher, posts weekly gain as weak dollar underpins Dollar Helps Propel Oil to Three-Year High as Supplies Tighten Oil Prices Ease As Refinery Maintenance Season Draws Near |
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