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Dollar surges; lifts Fed rate hike oddsThe dollar jumped to a seven-month high, pushing oil prices lower, and short-term US bond yields rose to their highest in five years on Friday after strong US jobs data bolstered expectations that the Federal Reserve will raise interest rates in More… |
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Oil falls on glut fears, weaker US jobs dataOil prices fell on Monday as concerns of global oversupply, a firmer dollar and lacklustre US nonfarm payroll data on Friday weighed on oil markets. The long Labor Day holiday in the United States may also lead to thin trading lat More… |
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Brent down $2 on Iran talks, US dataBrent crude futures fell more than $2 a barrel on Monday, as supply worries eased on renewed Iran talks about its nuclear program and as market players reacted to weak US jobs data released on Friday before the three-day holiday weekend. W More… |
