United States
Geopolitical risks offset greenback gains, keeping oil market on edge
Market doubt prevails as global factors impact oil prices
Metal likely to remain within specific range but exhibit some volatility
Traders vigilantly monitor supply disruption risks
Economic data outlines the framework for the U.S. Central Bank’s action
Yellow metal gains safe-haven appeal as U.S. dollar weakens
UAE and Saudi Arabia are emerging as key global players
UAE says no national carriers affected by malfunction
Brent crude futures rose 0.1 percent, to $79.75 per barrel
Inflation and rising interest rates had little impact on the US stock market
Office of Petroleum Reserves purchased oil at an average price of $77.31 per barrel
Futures fell five cents, or 0.1 percent, to $81.02 per barrel
The dollar index reached 101.54, close to its lowest levels
Oil exports recoded an 18.3 percent decline
Brent crude futures fell 26 cents or 0.3 percent to $79.13 per barrel
Lower interest rates decrease the opportunity cost of holding non-yielding bullion
Brent crude futures increased by 0.64 percent to $79.92 per barrel
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Crude prices face headwinds as market focus shifts to slow demand and trade disruptions
Adjustment came in response to a surge in demand for higher-yielding currencies
Powell: Labor market is still constrained
Fed unlikely to implement rate cuts early 2024
