Day: August 6, 2024

Oil Prices Rise Over 1$

Oil prices rose more than $1 on Tuesday, reversing the previous days loss, amid concerns over a possible US recession reducing demand in the worlds largest oil consumer.

Brent crude prices rose $1.25, or 1.6%, to $77.55 per barrel, while US West Texa…

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US Dollar Falls to Seven-Month Low

The US dollar dropped to its lowest level in seven months on Monday following economic data that heightened recession concerns and increased expectations of the Federal Reserve cutting interest rates.

The Dollar Index, which measures the greenback ag…

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