Energy Prices Weighed Down by Strong USD, Shrugging off Inventory Slump

Equity markets were mixed with European shares gaining and Wall Street weakening on hopes of Fed funds rates hike. DJIA and S&P 500 indices slipped -0.47% and -0.5% respectively. USD strengthened against major currencies with the broad index, DXY, soaring to a 2-month high of 96.44 before settling at 96.17, up +0.5%. British pound remains under pressure, plunging to as low as 1.2715 against USD. Currently trading around 0.8815, EURGBP has been rising for a third consecutive day, reigniting talks of euro/pound parity.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/energy-prices-weighed-down-by-strong-usd-shrugging-off-inventory-slump-2016100533668/