SINGAPORE (Reuters) -Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer despite being weighed down by a firmer dollar, as expectations of interest rate cuts were pushed out further following strong U.S. jobs data. Brent crude futures gained 28 cents, or 0.4%, to $79.90 a barrel by 0427 GMT and U.S. West Texas Intermediate crude futures was up 0.3%, or 26 cents, at $75.79 a barrel. On Friday, data showed the U.S. added more jobs than expected last month, leading investors to trim expectations for rate cuts, which helped the dollar to rally.
China s
imports of major commodities were either openly weak in May,
such as the decline in crude oil, or those showing apparent
signs of strength were deceptive and largely driven by factors
other. -June 09, 2024 at 09:22 pm EDT
- MarketScreener
By Florence Tan SINGAPORE (Reuters) - Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday. Brent cr.
Oil Slips on Dollar's Strength From US Jobs Data usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
WTI rebounds to near $75.50 due to expectations of Fed rate cuts fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.