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Oil rallies over $50 despite OPEC output cut doubts

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Oil rallies over $50 despite OPEC output cut doubts
08 December 2016, London — Oil prices recovered above $50 a barrel on Thursday, bouncing back from the week’s lows as the dollar weakened against major currencies. The U.S. dollar index fell as Treasury bond yields eased and investors eyed next week’s Federal Reserve meeting. A weak dollar makes dollar-denominated oil less expensive for importing […] More »
Oil rallies over $50 despite OPEC output cut doubts Oil rallies over $50 despite OPEC output cut doubts Reviewed by Crude Oil Facilitators on 12:50 Rating: 5

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