West Texas Intermediate futures

Oil took a breather in early trade on Wednesday in Asia ahead of the anticipated rise in crude inventories in the U.S. A fear of rate hikes following the efforts made by central banks around the world to rein-in inflation has also contributed to the slight relief. Price movement: Brent crude prices...

Despite all the scuttlebutt that the Federal Reserve is finally nearing its first interest rate hike of 2016, the U.S. Dollar Index has not done much this month, trading slightly lower. On the other hand, oil prices are rallying, which usually does not happen when traders expect the dollar to rise...

The Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 1.2 percent year to date. That does not sound like much, but it is a far cry from the savage losses incurred by the benchmark energy exchange traded fund in each of the past two years. In March, XLE surged 7.4 percent, outpacing the S&P 500...