U.S. crude-oil futures tick higher, undoing the previous day’s losses but Nymex crude remains on track for a weekly loss amid heavy supply.
NEW YORK (MarketWatch) — U.S. crude-oil futures ticked marginally higher on Friday, undoing the previous day’s losses but staying on track for a weekly decline on worries over heavy supply.
The losses on Thursday...
Read more
U.S. dollar, Aussie rise, as yen eases
The U.S. dollar extends its grind higher, with Australia’s currency rising and the Japanese yen falling as risk sentiment improves.
By Michael Kitchen
LOS ANGELES (MarketWatch) — The U.S. dollar extended its grind higher in Friday trade, with Australia’s currency rising and the Japanese yen falling as risk sentiment improved.
The ICE dollar index , a measure of...
Read more
Yellen testimony to pose risk to the greenback
Janet Yellen, nominated as the next Federal Reserve chief, poses a clear risk to the U.S. dollar outlook as her dovish stance could push out expectations for a scaling back of the Fed's monetary stimulus, analysts say.
In a statement released ahead of Yellen's confirmation hearing before the Senate Banking Committee on Thursday, she conveyed a...
Read more
Oil near $94 as traders eye supply data
Oil rose near $94 a barrel Wednesday, a day after falling to a five-month low.
Read more
Benchmark U.S. crude for December delivery gained 84 cents to close $93.88 on the New York Mercantile Exchange. That followed Tuesday's drop of $2.10 a barrel, which was the sharpest one-day decline since Sept. 10.
Oil is still down $8.53, or...