Oil rises to within four-year high as producers resist output increase to offset Iran sanctions

The Equicom

Brent crude futures were at $81.42 per barrel at 0315 GMT, up 22 cents, or 0.3 percent, and close to the intraday peak reached the previous day of $81.48, the highest since November 2014. Oil benchmark Brent rose for a second day on Tuesday, remaining within range of a four-year high reached during the previous […]

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Dollar struggles near 2-month lows, yen sags on receding risk aversion

The Equicom

The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the China-US trade conflict would be less damaging to global growth than initially feared. The dollar index against a basket of six major currencies stood at 93.910 after touching 93.829 […]

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