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FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 17:51 -
FOREX-Dollar firm as COVID-19 resurgence dampens risk appetite
Published at 21/04/2021 at 15:25 -
FOREX-Dollar firm as COVID-19 resurgence hits reflation trades
Published at 21/04/2021 at 12:33 -
FOREX-Dollar firms from 7-week lows as risk appetite fades
Published at 21/04/2021 at 09:19 -
FOREX-Dollar struggles to recover after slump to 7-week trough amid lower U.S. yields
Published at 21/04/2021 at 06:35 -
FOREX-Dollar licks wounds after drop to 7-week trough amid lower U.S. yields
Published at 21/04/2021 at 02:24 -
FOREX-Dollar rises from lows; oil drop hits crude-linked currencies
Published at 20/04/2021 at 20:33 -
FOREX-Dollar firms after nearing seven-week lows
Published at 20/04/2021 at 18:35 -
CORRECTED-FOREX-Dollar steadies near seven-week lows as interest rates hold
Published at 20/04/2021 at 17:56 -
FOREX-Dollar steadies near seven-week lows; euro holds above $1.20
Published at 20/04/2021 at 13:28
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PRECIOUS-Supply woes push palladium to record high, gold up more than 1%
Published at 21/04/2021 at 18:54 -
Oil prices drop as India's COVID-19 surge dents demand outlook
Published at 21/04/2021 at 14:06 -
PRECIOUS-Gold gains as easing U.S. Treasury yields boost appeal
Published at 21/04/2021 at 14:04 -
PRECIOUS-Gold gains as softer U.S. dollar, yields lift appeal
Published at 21/04/2021 at 08:11 -
Oil falls for second day as India's COVID-19 surge to dent fuel demand
Published at 21/04/2021 at 03:26 -
PRECIOUS-Gold hovers near 7-week high on subdued U.S. dollar, yields
Published at 21/04/2021 at 02:22 -
Oil drops from one-mth highs on demand fears as virus surges in India
Published at 20/04/2021 at 21:11 -
PRECIOUS-Gold gains as U.S. Treasury yields ease
Published at 20/04/2021 at 19:18 -
PRECIOUS-Gold edges up on weaker dollar and U.S. yields
Published at 20/04/2021 at 13:37 -
PRECIOUS-Gold eases off seven-week peak as U.S. yields rebound
Published at 20/04/2021 at 08:28
Oil falls after U.S. gasoline inventories unexpectedly surge
TOKYO, April 8 (Reuters) - Oil prices fell on Thursday after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world's biggest consumer of the resource at a time when supplies around the world are rising.
Brent crude eased 36 cents, or 0.6%, to $62.80 a barrel by 0136 GMT. U.S. oil fell 38 cents, or 0.6%, to $59.39 a barrel.
While crude stocks in the United States fell more than forecast by analysts, gasoline inventories jumped sharply, also against expectations, the Department of Energy said on Wednesday.
Oil inventories dropped by 3.5 million barrels last week to nearly 502 million barrels, while gasoline stocks increased by 4 million barrels, against expectations of a decline, to just over 230 million barrels, as refiners ramped up production before the summer driving season.
"Refiners may want to pull back on the run rate a bit to keep gasoline storage from challenging the all-time record," said Bob Yawger, director of energy futures at Mizuho Securities.
At the same time, supply is rising across the world with Russian output increasing from average March levels in the first few days of April, traders said.
Iran may see some sanctions lifted and add to global supplies, with the U.S. and other powers holding talks on reviving a nuclear deal that almost stopped Iranian oil from coming to market.
Still, the International Monetary Fund said earlier this week that the massive public spending deployed to combat the COVID-19 pandemic may increase global growth to 6% this year, a rate not achieved since the 1970s.
Higher economic growth would boost demand for oil and its products, helping to reduce stockpiles.
(Reporting by Aaron Sheldrick; Editing by Muralikumar Anantharaman)
((aaron.sheldrick@thomsonreuters.com; 81-80-2677-4134;))