Oil prices have experienced fluctuations recently, initially extending losses on June 24 due to the strength of the US dollar weighing on commodities markets, according to Reuters. However, later in the day, oil prices edged higher as demand expectations began to offset the impact of the strong dollar. The market also saw oil prices rise on fuel demand expectations and an easing US dollar. Additionally, oil prices remained steady as markets weighed supply tensions and China's economic recovery. This comes after oil recorded back-to-back weekly gains.
Oil edges higher after back-to-back weekly gains https://t.co/ykLEgeEDo4
Oil prices steady as markets weigh supply tensions, China economic recovery https://t.co/VifiP9Ckey via @Reuters
Oil prices rise on fuel demand expectations, easing US dollar https://t.co/FC8zyLbiai via @Reuters
Oil edges higher as demand expectations offset dollar strength - Reuters https://t.co/vTZlyLBvza
Oil edges higher as demand expectations offset US dollar strength https://t.co/FC8zyLaKkK via @Reuters
Oil extends losses as strong US dollar weighs on commodities markets https://t.co/FC8zyLaKkK via @Reuters
Oil extends losses as strong dollar weighs on commodities markets https://t.co/xJJyualI9N https://t.co/OIX7Cd0hx0