In Tuesday Early Asian Electronic Trade, United States (US) Benchmark Crude Oil Futures Rose 22 cents or 0.2% to $ 95.39 a barrel. The Oil price index rises because USD dipped against Japanese Yen (JPY) and EURO rose against USD ahead of the Euro Zone Economic Data.
When Dollar is weak , Oil and other dollar dominated Commodities price always rise.
Important Oil Price Related Data:-
Later Tuesday, the International Energy Agency is slated to release its medium-term oil outlook report, and the American Petroleum Institute is due to publish its weekly report on U.S. crude-oil supply. The API’s report will be followed by supply data from the U.S. Energy Information Administration on Wednesday.
source:- Market Watch
When Dollar is weak , Oil and other dollar dominated Commodities price always rise.
Important Oil Price Related Data:-
Later Tuesday, the International Energy Agency is slated to release its medium-term oil outlook report, and the American Petroleum Institute is due to publish its weekly report on U.S. crude-oil supply. The API’s report will be followed by supply data from the U.S. Energy Information Administration on Wednesday.
source:- Market Watch