Dollar shines as oil surge spooks investors

Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar. A surprisingly big drop in crude stocks at Cushing, Oklahoma, stoked concern that fuel demand is outstripping production […]

from Daily Times https://ift.tt/ZrYngtk