Oil climbs as dollar slumps, OPEC+ keeps output cut policy
- 02-Feb-2023
Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision to roll over an output cut helped ease oversupply concerns. Brent crude futures rose 65 cents, or 0.8%, at $83.49 a barrel as of 0353 GMT, while West Texas […]
Asia shares bank on China opening; oil climbs
- 05-Dec-2022
SYDNEY: Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, nudging the dollar down against the yuan. The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban […]