September 5, 2024

Oil Stable as Traders Weigh Weak Demand

Oil was trying to hold its line in early trade on Thursday after an overnight selloff, as traders come to grips with weak need along with a possible delay to more supply going into the market next month.

Brent unrefined futures for November increased…

Dollar Falls on Bolstered Expectations of Supersized US Rate Cut

The dollar continued to decline Thursday as renewed concerns over the US economy’s growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month.

The dollar index, which measures the performance of the US currency…