Oil prices rise on weaker dollar
Oil
New York - Xinhua
Oil prices rose on Wednesday as weaker U.S. dollar outweighed concerns for global crude glut.
The U.S. dollar dropped against other major currencies on Tuesday as the Federal Reserve kicked off its two-day policy meeting. The dollar index, which measures the greenback against six major peers, was down 0.88 percent at 99.548 in late trading.
A weaker dollar makes greenback-dominated commodities like crude oil less expensive and more attractive to holders of other currencies.
Oil prices dipped in previous two sessions amid investor concerns on possible lingering global crude glut.
The West Texas Intermediate for March Delivery added 0.18 dollars to settle at 52.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery increased 0.47 dollars to close at 55.70 dollars a barrel on the London ICE Futures Exchange.
source: Xinhua
GMT 12:52 2017 Tuesday ,29 August
Kuwaiti oil price down 12 cents to US$48.68 pbGMT 19:35 2017 Monday ,14 August
King hails oil, gas development projectsGMT 14:23 2017 Friday ,11 August
Oil stockpiles falling take hold, says IEAGMT 07:14 2017 Tuesday ,02 May
Dubai announces crude oil price for JulyGMT 18:12 2017 Wednesday ,26 April
Oman Oil Price Declines 56 CentsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:58 2019 Monday ,19 August
You find yourself facing new professional
GMT 13:17 2016 Friday ,16 December
As football spending tops $1bn
GMT 14:27 2017 Thursday ,16 February
Lenovo profit misses estimates as PC rivals erode global lead
GMT 21:31 2017 Saturday ,04 March
US investors bet Trump-fuelled tech rally far from over
GMT 07:25 2017 Saturday ,15 July
Jordanian girls managed to design gowns
GMT 08:01 2017 Monday ,06 November
Japan to freeze assets of 35 N. Korean groups, individuals
GMT 14:44 2017 Tuesday ,26 September
Guteress to submit third report on 2334 settlement resolution
GMT 20:25 2017 Monday ,16 January
Arabs at Davos: Improving the state of the world
GMT 12:52 2018 Wednesday ,31 October
US calls for end of Yemen conflict, Sweden willing to provide a venue for talks
GMT 16:30 2017 Wednesday ,16 August
Egypt population to hit 128 m if current birth rate continues
GMT 09:20 2017 Thursday ,10 August
Saad’s mother pushed him to issue new song
GMT 15:54 2018 Thursday ,18 January
Worst-case global warming scenarios not credible
GMT 18:36 2018 Wednesday ,10 January
Protests in Brussels ahead of Iran nuclear meeting
GMT 04:59 2018 Monday ,01 January
Iran 'tested by its own citizens': Haley
GMT 11:18 2017 Thursday ,07 September
Government Treasury Bills issue 1668 oversubscribed by 109%
GMT 07:35 2017 Monday ,09 January
Natural Exterior Siding Options to Blend with Your Outdoor Garden by Jason Olbres
GMT 13:58 2017 Tuesday ,01 August
Disturbing' sexual harassment at Australian universities
GMT 09:15 2017 Monday ,16 October
Evaluation of psychological needs step
GMT 14:00 2017 Wednesday ,01 November
Saudi Cabinet underlines importance of economic transformation
GMT 03:52 2017 Sunday ,09 April
Hypermarket chain ties up with ministry to promote organic farming
GMT 13:47 2017 Tuesday ,26 September
Gov't creates equal opportunities for men, women
GMT 10:00 2017 Thursday ,09 February
Feng Shui Style Is The Best For Your Kid’s Room
GMT 06:46 2017 Monday ,08 May
Two safe UAE drivers win cars as part of white point system
GMT 13:59 2018 Wednesday ,12 December
Turkey may soon launch military operation east of Euphrates River, Erdogan says
GMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staff
GMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisis
GMT 09:39 2018 Monday ,12 November
Painting with her feet, Syrian artist Duaa al-Bustati conquers her disability
GMT 12:39 2018 Thursday ,18 October
"Lavrov" Any foreign presence in Syria without invitation by government is illegitimate
GMT 15:35 2018 Monday ,15 October
Kuwaiti diplomat hands in written letter to Romanian FM
GMT 12:54 2018 Thursday ,04 October
European partners in Nord Stream 2 project support its implementation
GMT 11:22 2018 Tuesday ,23 January
Turkish Cypriot paper attacked over Syria 'occupation' headline
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor