Sentences with phrase «rally in the crude price»
But the rise in Treasury yields above 3 percent has driven the value of the U.S. dollar to three - month highs, which may pose a threat to a more pronounced rally in the crude price.
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However, a global rally in crude prices pushed domestic fuel prices far higher than those levels.
Not exact matches
Traders are taking out a growing number of put options to sell crude, a strategy aimed at protecting against a drop in prices after a sharp rally since December.
However, rising U.S. crude exports and a stronger - than - anticipated price rally in recent months have threatened to loosen Russia and Saudi Arabia's grip on key overseas markets.
July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.
Pickens was on Fox Business News Friday to discuss what's driving the rally in crude and why America should use this opportunity of lower energy prices to its advantage.
A thaw in the trade relationship between China and the United States and talk of $ 80 oil put crude oil prices squarely in rally mode in Tuesday trading.
Top 5 things that rocked U.S. markets this week — a surge in bond yields sparked investor concerns, crude oil prices snap 2 - week winning streak, dollar extends rally, gold prices struggle, and Bitcoin update
On what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demand.
These indices after testing their fresh 52 weeks lows rebounded but the rally may not sustain because of the situation in China and low Crude Oil prices.
AXJO 4707 These indices after testing their fresh 52 weeks lows rebounded but the rally may not sustain because of the situation in China and low Crude Oil prices.
While gold prices have more or less remained in a tight band from the start of 2016, the escalating crisis in the Middle East has led to massive volatility in crude - oil prices, and at the end of November this year, crude oil has rallied by 55 percent compared to the 20 - percent gain in gold.
Oil prices rallied to three - year high, boosted by a record 10th straight weekly decline in U.S. crude inventories.
Crude oil prices have rallied in recent weeks but are still about 30 per cent lower than they were a year ago.
This weeks weakness is due to a rally in crude oil prices, a pickup in government bond yields as inflation rises and geo - political uneasiness around the globe.
TOKYO (Reuters)-- Oil prices rose on Thursday, holding onto a late - session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles.