Oil prices slip on profit-taking as investors await U.S. stockpile data

Oil prices slip on profit-taking as investors await U.S. stockpile data
 

Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session.
The dollar was also weighing on oil prices after rising against a basket of currencies, suggesting markets were judging Democrat Hillary Clinton as the winner in the first U.S. presidential debate with Republican candidate Donald Trump.
A stronger greenback makes commodities like crude that trade on a dollar basis more expensive for consumers that pay in other currencies.
Expectations of a build in U.S. crude stockpiles last week, according to a Reuters... read more

 
27 September 2016 in Business, Views: 40
Source: Reuters
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