Fx Primus Rebates

Oil Prices Rise Amid Supply Cuts

Oil prices rose on Tuesday as supply cuts by producer club OPEC and Russia as well as declining U.S. rig counts bolstered sentiment. Global benchmark Brent crude climbed 0.90 percent to $59.52 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 0.85 percent at $50.94 per barrel. OPEC members, along with several…

Fx Primus Rebates

NZ Dollar Rises Amid Risk Appetite On China Stimulus Hopes

The New Zealand dollar advanced against its major counterparts in the Asian session on Tuesday, as Asian shares rose after China signaled policy measures to counter slowdown in the world’s second largest economy. In a statement, Chinese finance ministry said that it will implement larger tax and fee cuts to help reduce burdens for small…

Fx Primus Rebates

Euro Slides Against Majors

The euro declined against its major counterparts in early European deals on Monday. Extending early slide, the euro depreciated to a 5-day low of 1.1451 against the greenback. The euro dropped to a 4-day low of 1.1254 against the franc, from a high of 1.1288 seen at 2:00 am ET. The single currency continued to…

Fx Primus Rebates

Oil Extends Losses After Weak China Data

Oil prices fell nearly 2 percent on Monday to extend losses from the previous session, as a shock contraction in Chinese exports and imports following a weak November raised fresh concerns about global growth and a potential slowdown in fuel demand. Global benchmark Brent crude fell 1.8 percent to $59.39 a barrel, while U.S. crude…