US crude oil futures climb $1 as dollar index weakens
U.S. crude rose $1.05 to $24.41 as of 2334 GMT
- Mar 24, 2020,
- Updated Mar 24, 2020 11:05 AM IST
U.S. crude oil futures CLc1 climbed more than $1 on Tuesday as the dollar index weakened and hopes grew of a detente in the price war between producers Saudi Arabia and Russia.
U.S. crude rose $1.05 to $24.41 as of 2334 GMT.
"However volumes are terrible, they're very low, so this is not a high confidence move," CMC Markets and Stockbroking chief market strategist Michael McCarthy said.
Also read: Why rupee is falling despite high forex reserves?
U.S. crude oil futures CLc1 climbed more than $1 on Tuesday as the dollar index weakened and hopes grew of a detente in the price war between producers Saudi Arabia and Russia.
U.S. crude rose $1.05 to $24.41 as of 2334 GMT.
"However volumes are terrible, they're very low, so this is not a high confidence move," CMC Markets and Stockbroking chief market strategist Michael McCarthy said.
Also read: Why rupee is falling despite high forex reserves?