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Commodities Briefing - Categorized | Futures and Options, Oil more

Oil futures end higher after a choppy session

Posted on 18 August 2016

Oil futures finished higher Wednesday, getting a lift from bigger-than-expected declines in U.S. supplies of crude and gasoline as well as a retreat in the dollar following minutes from the Federal Reserve’s July meeting.
Shortly before oil prices finished a choppy session on Nymex, minutes from the July Fed meeting showed officials at the central bank were split over whether an interest rate hike would be needed soon. That damped expectations for an interest rate hike before the end of the year, and put pressure on the dollar offering support for dollar-denominated commodities such as oil………………………………………..Full Article: Source


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