The US dollar fell today as the nations of the Organization of the Petroleum Exporting Countries slashed their holding of the US debt because the rising oil prices decreased their need for the US currency.(…)Read the rest of US Dollar Weakens as OPEC Lowers Treasury Holding (146 words) Posted on Forex News. Read More US Dollar Weakens as OPEC Lowers Treasury Holding
Posted in FX News | Tagged as, dollar, holding, lowers, opec, treasury, us, weakens
"While the price is inching up, we think the terms of trade are going against Opec countries and the increase in the price did not even compensate for the loss in the dollar value and the increase in the price of commodities.? 6 Vote(s) Read More Opec unlikely to raise output
Posted in FX News | Tagged opec, output, raise, to, unlikely
Reuters reported that oil fell to below USD 82 on expectations for OPEC to keep pumping above quotas in the Q2 pulling prices down from 8 week highs reached a day earlier. 7 Vote(s) Read More Oil slips from USD 82 on higher OPEC output
Posted in FX News | Tagged 82, from, higher, oil, on, opec, output, slips, usd
The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which influenced the oil prices.(…)Read the rest of Russia Ruble Rally Halted After OPEC Meeting (63 words) Posted on Forex News. Read More Russia Ruble Rally Halted After OPEC Meeting
Posted in FX News | Tagged after, halted, meeting, opec, rally, ruble, russia
OPEC oil producers, content with crude prices near $74 a barrel, agreed on Tuesday to leave output targets unchanged, Algerian Oil Minister Chakib Khelil said after a short meeting. Read More Opec leaves oil output targets unchanged
Posted in FX News | Tagged leaves, oil, opec, output, targets, unchanged
Crude oil traded little changed near $71 a barrel after rising yesterday as a slump in the dollar spurred demand for commodities, and as OPEC ministers gathered in Vienna to set output levels. 9 Vote(s) Read More Oil Trades Near 71 as Dollar Declines,OPEC Ministers Gather
Posted in FX News | Tagged 71, as, declines, dollar, gather, ministers, near, oil, opec, trades
