ANKARA - Oil prices edged up on Monday, supported by a weaker dollar, as investors weighed tight supplies and the impact on fuel demand from the coronavirus disease 2019 (Covid-19) pandemic after China reimposed several restrictions. International benchmark Brent crude was trading at USD102.68 per barrel at 9:33 a.m. local time (0633 GMT) for a 1.50-percent increase after the previous session closed at USD101.16 a barrel. American benchmark West Texas Intermediate was at USD95.88 per barrel at the same time for a 1.38-percent gain after the previous session closed at USD94.57 a barrel. The US dollar index, which measures the value of an American dollar against a basket of currencies, including the Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, declined from multi-year highs to 107.88 on Monday, posting a 0.17-percent loss for the day. The decline in the greenback's value is encouraging oil-importing countries to purchase more crude at cheaper, dollar-d
ANKARA - After a tumultuous week and massive losses in September, the global markets await the US job reports next week as they may shape the US Federal Reserve's monetary policies in the coming months. Increasing inflation pressures on world economies, rising energy prices, uncertainties in Asia amid Chinese real estate developer Evergrande, and the Fed signaling to begin tapering the process of scaling back its $120 billion worth of monthly bond purchases have recently created high volatility in global markets. US stock markets ended September with their worst monthly loss of 2021 so far. While the Dow Jones fell 4.3 percent last month, the S&P 500 declined 4.8 percent for its largest drop since March 2020. The Nasdaq plummeted 5.3 percent its worst September in a decade. European indices also had massive losses, with the STOXX index plummeting 3.8 percent, while Germany's DAX 30 and France's CAC 40 losing around 3.4 percent each, according to data compiled by A