Reported 8 months ago
Oil prices fell as a stronger dollar and technical weaknesses weighed more than escalating geopolitical tensions. Despite this, oil is holding onto its monthly gain amid global turmoil, with Houthi attacks off Yemen and Russia blaming the US and Ukraine for a missile strike on occupied Crimea. Analysts expect Brent to average $84 a barrel in the third quarter, with forecasts rising to $90 by August or September, while American consumer confidence dipped and traders are monitoring inflation data for clues on monetary policy.
Source: YAHOO