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Oil slips on dollar's strength from US jobs data - Vimarsana News

Oil slips on dollar's strength from US jobs data

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.

Source: yahoo.com
Oil slips on dollar's strength from US jobs data | WSAU News/Talk 550 AM · 99.9 FM - Vimarsana News

Oil slips on dollar's strength from US jobs data | WSAU News/Talk 550 AM · 99.9 FM

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...

Source: wsau.com
India's Reliance to buy Russian oil in roubles, sources say - Vimarsana News

India's Reliance to buy Russian oil in roubles, sources say

India's Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles,...

Goldman Sachs expects oil demand to keep growing until 2034 - Vimarsana News

Goldman Sachs expects oil demand to keep growing until 2034

Goldman Sachs raised its global oil demand forecast for 2030 on Monday and expects consumption to peak by 2034 on a potential slowdown in electric vehicle adoption, keeping refineries running... -May 27, 2024 at 03:46 am EDT - MarketScreener

X-Press Feeders completes its first bio-methanol bunkering at Singapore - Vimarsana News

X-Press Feeders completes its first bio-methanol bunkering at Singapore

Container shipper X-Press Feeders has conducted its first bio-methanol refuelling operation at the port of Singapore on Monday, a company executive said, after receiving in mid-May its first out of... -May 27, 2024 at 05:00 am EDT - MarketScreener