August 16, 2024

Oil Prices Rise by about 2 Percent after US Economic Data

Oil prices rose by more than a dollar Thursday, after US economic data eased fears of an imminent recession in the United States, the world’s largest economy, but continued concerns about slowing global demand limited gains.

Brent crude futures rose …

Dollar Rises against Yen on Firm US Economic Data

The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.

The greenback had been given an extra boost agains…