Crude rises as investors buy the dip amid weak US dollar
October 5, 2023 Comments Off
Crude oil futures rebounded in midafternoon Asian trade Oct. 5 after regional investors bought the dip following an overnight selloff, though market observers continued to warn of potential downside risk as elevated crude prices begin to lead to demand destruction. At 3:01 pm Singapore time (0701 GMT), the ICE December Brent futures contract was up 61 cents/b (0.71%) from the…
Crude rises as investors buy the dip amid weak US dollar
Crude oil futures rebounded in midafternoon Asian trade Oct. 5 after regional investors bought the dip following an overnight selloff, though market observers continued to warn of potential downside risk as elevated crude prices begin to lead to demand destruction. At 3:01 pm Singapore time (0701 GMT), the ICE December Brent futures contract was up 61 cents/b (0.71%) from the…
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