Market Pulse: European Stocks Rise, Dollar Gains, Oil Inches Up

European stocks rose on the morning of Sept. 16, oil prices inched up modestly after the previous day’s sharp gains, and the dollar ticked up as investors considered a mix of economic data and looked to next week’s Federal Reserve policy meeting that could provide clues for a rollback of stimulus measures. Oil prices inched up on Thursday after first seeing a slight pullback following sharp gains the previous day on the back of a larger-than-expected drawdown in crude oil stocks in the United States. Brent crude oil rose 9 cents, or 0.12 percent, to $75.59 a barrel by 5:28 a.m New York time on Sept. 16, after rallying around 2.5 percent the previous day. U.S. West Texas Intermediate (WTI) crude was up 5 cents, or 0.07 percent, at $72.65 by 5:22 a.m. New York time, after surging 3.1 percent on Wednesday. Wednesday’s sharp rally in oil prices was prompted by …

Read More

RSS Feed | The Epoch Times