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Oil slips 2% on economic woes
Oil slips 2% on economic woes
2023-04-26
U.S. Stocks sold off as disappointing earnings and economic data fueled recession fears, sending safe havens higher and oil sharply lower.All three major indexes ended down 1% or more, with NASDAQ plunging nearly 2%, the biggest daily drop since March 9.
China holiday travel boom stems oil price drop
China holiday travel boom stems oil price drop
2023-04-25
The dollar and gold have been stuck in a sideways range, with oil up over 1%.Traders are unwilling to take positions before Thursday’s GDP and PCE reading. U.S. growth and inflation is expected to slow further.
Oil falls 2% on recession fears
Oil falls 2% on recession fears
2023-04-21
Weak data weighed on U.S. dollar. Gold hovered around $2,000 and oil plunged to the lowest level since the end of March.
Oil falls 2% as dollar gains on rate path uncertainty
Oil falls 2% as dollar gains on rate path uncertainty
2023-04-20
Gold prices fell below the key $2,000 level as the dollar and Treasury yields regained footing on Wednesday. Oil slid about 2% to a two-week low despite a sharp decline in U.S. crude inventories.