Oil prices jumped 6% on Wednesday, snapping a two-day rout, after investors took advantage of a weaker US dollar and shrugged off data showing a unexpected large surge in US crude inventories to record highs.
Comments by Russia’s Foreign Minister reiterating the major producer’s willingness to meet if there was consensus among the Opec and non-Opec members, also reignited hopes of a deal to trim output and helped to boost prices as much as 7%. (Read more)
The dollar index tumbled to an over seven-week low amid growing skepticism that the Federal Reserve would be able to hike US interest rates again this year and after data showed the US services industry grew more slowly than expected last month.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Comments by Russia’s Foreign Minister reiterating the major producer’s willingness to meet if there was consensus among the Opec and non-Opec members, also reignited hopes of a deal to trim output and helped to boost prices as much as 7%. (Read more)
The dollar index tumbled to an over seven-week low amid growing skepticism that the Federal Reserve would be able to hike US interest rates again this year and after data showed the US services industry grew more slowly than expected last month.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment