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Oil prices jump $1 on Gulf Coast storm, post selloff recovery

INVESTING
September 9, 2024
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BEIJING (Reuters) – Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.

West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, to $72.05 a barrel.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
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Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
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Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…