Crude Oil Feb 27 (CLG27.NYM)
NY Mercantile - NY Mercantile Delayed price. Currency in USD
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- Yahoo Finance
Oil steadies on surprise inventory drop, but futures still down 8% from April peak
Oil has been on a downward trend since April. Falling stockpiles reversed earlier morning losses Wednesday.
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Commodities rally on slip in US dollar value
Investors are closely monitoring the commodity sector, which is experiencing a broad-based rally as the U.S. dollar (DX-Y.NYB) exhibits signs of weakness. Commodities like copper (HG=F) and gold futures (GC=F) are among the notable gainers, capitalizing on the dollar's softening momentum. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance
Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire
Oil prices have been declining on optimism regarding a possible ceasefire between Hamas and Israel and rising crude inventories.
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