20.09.2016 - Oil Rises as Dollar Dip Bolsters Investor Demand for Commodities
Oil advanced as the dollar’s decline against its peers increased investor appetite for commodities. Futures rose 0.6 percent in New York. The greenback fell as investors largely ruled out a Federal Reserve hike in September. Futures retreated from the day’s high as a tanker returned to Libya’s Ras Lanuf export terminal to load oil after clashes halted what will be the first overseas crude shipment from the terminal since 2014. OPEC may call an extraordinary meeting if ministers reach consensus at informal talks next week, Secretary General Mohammed Barkindo said, according to the Algerian Press Service...............................................Full Article: Source
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