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Oil prices fall on worries of higher US interest rates, Auto News, ET Auto

Oil Prices: Minutes released on Wednesday from the Federal Reserves last policy meeting showed the U.S. central banks response to sticky inflation would "involve maintaining" its policy rate for now but also reflected discussion of possible further hikes.
United States Federal Reserve Organization Of The Petroleum Exporting Countries Russian Energy Ministry Energy Information Administration Texas Intermediate

Oil Prices Fall for Fourth Straight Day as US Rate Hike Prospects Emerge

Oil prices eased for a fourth straight session on Thursday after the minutes of a US Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand. Brent crude futures fell 20 cents, or 0.2%, to $81.70 a barrel at 0651 GMT. US West Texas Intermediate crude (WTI) futures were down 29 cents, or 0.4%, at $77.28. Both benchmarks fell more than 1% on Wednesday, Reuters said.
United States Federal Reserve Energy Information Administration Organization Of The Petroleum Exporting Countries Russian Energy Ministry Texas Intermediate
Source: aawsat.com

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Europe Roundup: Sterling jumps after UK inflation data, European shares falls, Gold slips, Oil slips for third day on likely 'higher for longer' US rates-May 22nd,2024

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
United States United Kingdom Jerome Powell Office For National Statistics Us Crude Oil Inventories European Central Bank

Oil creeps back up after three days of losses

NEW YORK :Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.Brent crude oil futures were down 45 cents, or 0.6 per cent, at $81.45 a barrel by 11:50 am ET (1550 GMT). U.S.
United States City Of United Kingdom John Evans Federal Reserve Organization Of The Petroleum Exporting Countries

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