Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the recovery from Hurricane Ida’s damage dragging into a second week, gave the black liquid a boost. Brent oil futures was up 0.33% to $73.16 by 12:08 […]
Oil Steadies in Asia After Slumping on Weak U.S. Economic Data
By Administrator_ India Capital Sands Oil steadied near $52 a barrel in Asia after slumping the most in almost four weeks on a combination of a stronger dollar, weak U.S. economic data and a still-surging coronavirus. Futures in New York edged lower after tumbling 2.3% on Friday. U.S. consumer sentiment cooled more than forecast in […]