• News Desk

OIL RALLIES AHEAD OF OPEC MEET; STOCKS, DOLLAR DIP


U.S. dollar recovered from earlier losses but was still slightly lower. The dollar index .DXY slipped 0.15 percent after having fallen as much as 0.8 percent. The U.S. currency sank as much as 1.6 percent against the yen, going as low as 111.32 yen JPY= before recovering to 112.24. Crude futures, however, rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts. U.S. dollar recovered from earlier losses but was still slightly lower. On Wall Street, consumer and financial stocks weighed on the Dow after a major rally last week. The Dow Jones industrial average .DJI fell 35.46 points, or 0.19 percent, to 19,116.68, the S&P 500 .SPX lost 7.28 points, or 0.33 percent, to 2,206.07 and the Nasdaq Composite .IXIC dropped 19.03 points, or 0.35 percent, to 5,379.89. Read more

#OPEC #USStocks

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