BusinessPhoto: Mint MarketsOil Prices Rise as Dollar Strengthens on US Rate Hike Expectations
Oil prices rose on Monday due to attacks on Saudi Arabia and concerns over supply, while expectations of higher US interest rates to combat inflation strengthened the dollar. The US bond market was closed for Columbus Day, with investors awaiting September inflation data and the upcoming US bank earnings season. The dollar's rise is linked to anticipated Federal Reserve rate hikes amid strong US growth compared to other economies.
Mint Markets·



