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Tag Archives: dollar weakened

Oil prices edge up amid ongoing commodity downturn

SINGAPORE – Crude prices found at least temporary support early on Wednesday after the dollar weakened and China’s commodity imports came out surprisingly strong, but oversupply means prices are expected to remain low for some time. U.S. crude futures were at $38.11 per barrel at 0048 GMT (7:48 a.m. EST), up 60 cents from their last settlement. Traders said the ...

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Oil price recovers as dollar weakens against euro

LONDON – Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Brent crude oil futures <LCOc1> rose 22 cents to $48.38 a barrel by 1042 GMT. U.S. West Texas Intermediate (WTI) crude futures <CLc1> rose 10 cents to $45.25 a barrel. The euro rose for a second day against ...

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