EnergyWatch

Oil prices dip as dollar strengthens

The USD gained strength on Friday after retail sales figures surpassed market expectations.

Photo: JONATHAN ALCORN/REUTERS / X02898

Monday morning's oil prices are down slightly as US dollar hits its strongest level in three weeks.

A barrel of US benchmark crude West Texas Intermediate trades Monday morning for USD 71.38 against USD 71.97 Friday afternoon, with European counterpart Brent selling at the same time for USD 74.87 against USD 74.83 Friday at 5 p.m. CET – and USD 75.40 just before midnight Friday.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor has never made this much money

The Norwegian oil giant soars skyward with its best adjusted earnings item on record following a recovery in commodity prices. Though it remains important to monitor fluctuations, CEO warns.

GE loses USD 151m from wind division

Uncertainty, supply chain pressure and delays among customers all factor into dwindling profits from onshore wind for the US-based OEM, still showing losses on offshore wind and now downgrading its full-year guidance.

Further reading

Related articles

Trial banner

Latest News

See all jobs