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Oil slips on stronger dollar, oversupply fears
Yahoo Finance· 2025-11-04 17:50
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supply glut. Brent crude futures fell 31 cents, or 0.5%, to $64.58 a barrel by 12:27 p.m. (1726 GMT). U.S. West Texas Intermediate crude was down 33 cents, or 0.5%, at $60.72. "Crude futures are feeling the pressure today from high U.S ...
Oil slips on oversupply concerns and stronger dollar
Yahoo Finance· 2025-11-04 14:18
By Seher Dareen LONDON (Reuters) -Oil prices fell more than 1% on Tuesday as the OPEC+ decision to pause output hikes in the first quarter of next year, along with weak manufacturing data and a stronger dollar, weighed on the market. Brent crude futures fell 81 cents, or 1.25%, to $64.08 a barrel by 1310 GMT. U.S. West Texas Intermediate crude was down 84 cents, or 1.38%, at $60.21. "The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever prese ...
Oil slips on oversupply concerns, stronger dollar
Yahoo Finance· 2025-11-04 09:25
By Seher Dareen LONDON (Reuters) -Oil prices fell over 1% on Tuesday as OPEC+'s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market. Brent crude futures fell 82 cents, or around 1.3%, to $64.07 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down 84 cents, or 1.4%, at $60.21 a barrel. "The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever pre ...
Reports of the greenback's demise are greatly exaggerated — but here's why a stronger dollar is detrimental to stocks, gold and appetite for risk
MarketWatch· 2025-10-30 11:07
A stronger dollar has negative implications for risk appetite, precious metals and earnings. ...