Brent crude fell below $102 a barrel on Monday, drawing close to a 14-month low hit last week, as ample supply and a stronger US dollar continued to pressure oil markets.
Geopolitical tensions in Ukraine and Libya underpinned oil,
Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices.
October Brent crude was down 13 cents to $102.50 a barrel by 1122 GMT. US crude
US services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.
Tuesday's reports added to employment and consumer spendin
Gold steadied after two days of losses on Wednesday but held below $1,300 an ounce, near a four-week low, on a stronger dollar and fears that the Federal Reserve could hike US interest rates sooner than expected.
Fed Chair Janet Y
Gold climbed towards a two-month high on Friday and looked set to post its fourth straight weekly gain, as weak U. data on consumer spending hurt the dollar.
US consumer spending rose less than expected in May, prompting economists to d
Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains.
Spot gold hit a
The Saudi riyal fell sharply against the US dollar in the forwards market on Monday because of the conflict in Iraq, bankers and traders in Dubai said.
One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their hig
An index of global stocks nestled near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the US, Europe and Japan for a long time to come.
Gold slipped 2 percent to a 3-1/2 month low on Tuesday, extending losses after strong US data lifted optimism about the economy, while platinum fell after South Africa's mining minister pledged to mediate in a long-running strike.
A strengthening US dollar and growing shale oil and gas exploration around the world will have implications for GCC economies and investors,a round-table in Dubai heard this week.
“One of the major global themes is the perfo