The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
Oil Rebounds As U.S. Crude Inventories Ease Off Record High
Oil prices on Wednesday climbed for the first time in more than a week on a surprise drawdown in U.S. crude inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts could create a crude deficit in the first half of 2017.
Traders noted oil prices extended earlier gains as the dollar fell to its lowest level in two weeks against a basket of currencies after the Federal Reserve increased interest rates as expected but did not signal a faster pace of monetary tightening this year. A decline in the dollar makes greenback-denominated oil less expensive for holders of other currencies.