| The world oil market see-sawed this week as traders tracked growing investor risk appetite, fluctuations in the US dollar and stubborn supply glut worries. “Oil prices are continuing their rollercoaster ride,” Commerzbank analysts wrote in a research note.
Crude futures began on the back foot on Monday, sliding as an increase in US drilling activity and a strong dollar reversed gains from last week’s better-than-forecast US jobs report. A strong greenback makes dollar-priced commodities like oil more expensive for those using other currencies. That tends to weigh on demand and price levels...............................................Full Article: Source
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