Oil slips, but remains on course to finish week hardly changed

The MTM Savannah oil and chemical tanker, left, and other cargo vessels wait to enter the Suez Canal in Suez, Egypt, on March 28 2021. Picture: BLOOMBERG/ISLAM SAFWAT

US West Texas Intermediate crude futures were down 53c, or 0.8%, at $70.51 a barrel, after retreating 1.5% on Thursday and is also set to be flat on the week. The dollar has rocketed in the two sessions since the US Federal Reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil falls as US dollar strengthens after Fed’s hawkish surpriseLosses were limited by a large drop in crude inventories Tears grips my heart knowing how hard I've struggled to find a legit trader. I never wanted to do this but I'll be guilty if i don't share this good news to people to join the best trader have ever know. Thanks for helping me and i will forever be grateful to you LisaJackson022
Source: BDliveSA - 🏆 12. / 63 Read more »

The Underground Railroad: For us, not by us | CitypressThis big budget show boasts an elaborate set and all the immersive trimmings of a show based on slavery. We’re taken to Georgia in the south of the US, and the height of slavery wherein the story of a young girl, Cora – played by South African actress Thuso Mbedu – comes to life like a moving mural. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: City_Press - 🏆 7. / 72 Read more »

Oil prices dip on resurgent dollarLosses limited by drop in US crude stockpile and forecasts of pick-up in demand in second half of the year
Source: BDliveSA - 🏆 12. / 63 Read more »

REUTERS: Hedge funds bullish on oil amid global recoveryCrude prices signal the need for more output to prevent the market overheating
Source: BDliveSA - 🏆 12. / 63 Read more »

US youth activists fight for ‘algorithmic justice’‘These youth are amazing — and they recognise just like they did with climate — that adults have failed’
Source: BDliveSA - 🏆 12. / 63 Read more »

US and UK reach Boeing-Airbus truceCountries agree to five-year suspension of tariffs stemming from Airbus-Boeing dispute on various goods following similar pact with EU
Source: BDliveSA - 🏆 12. / 63 Read more »