Strong dollar takes down oil, gold, and crypto
US SPR hovers around 362 million barrels, down from 593 million seen at beginning of 2022 Gold ETFS net purchases post largest one-day increase since mid-Apr
Source: marketpulse.com
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Biden Administration Drives US Oil Reserves To Lowest in Decades
The US strategic oil reserve has allegedly been unwisely used recently, which led to this uncertain state, causing it to reach its lowest level ever.
Source: hngn.com
Over 5 mn barrels of oil from US reserves sent overseas
The export of crude and fuel is blunting the impact of the moves by US President Joe Biden to lower record pump prices.
Source: businesstoday.in
Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
Source: ndtv.com
Brent Crude Prices Recoup Losses And Rise Nearly 3%, Back-Up Above $100
The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.
Source: ndtv.com