Oil Prices Jump One Percent

Oil prices strengthened more than one percent on Monday, recovering from last week’s ten-month lows. Brent crude, the international benchmark, was up 1.1 percent at $46.04 a barrel after closing 0.7 percent higher on Friday. West Texas Intermediate (WTI) futures were up 44 cents or 1 percent at $43.45 per barrel. Even tough oil prices…

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Dollar Weakens To Seven-Month Low Amid Geopolitical Tensions

The dollar sank to its weakest level since mid-April against the yen on Tuesday, after escalating tensions in the Middle East and the coming testimony of the former FBI director, British elections and a European Central Bank meeting shook the currency market. The dollar fell 0.9 percent to 109.28 yen, while euro dipped as low…

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Oil Touches One-Month Peak As US Strikes Syria

Crude oil prices jumped Friday morning after the US military’s missile attack on a Syrian government base. The US fired a barrage of cruise missiles at Syria in a response to a chemical weapons attack for which security sources blame Syrian leader Bashar al-Assad. Brent crude futures were up 28 cents at $55.17 a barrel…

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