Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia
By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains […]
Dollar trims annual gains in low volatility year, more action seen in 2020
By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after sliding 0.6% on Friday for […]