Oil Ignores Fed Hike As WTI Hits $80
Oil prices had already forgotten about Wednesday’s rate hike by Thursday morning, with WTI hitting $80 per barrel just before noon ET
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Oil prices had already forgotten about Wednesday’s rate hike by Thursday morning, with WTI hitting $80 per barrel just before noon ET
Oil prices climbed on Monday afternoon to levels not seen since April, with WTI nearing $79 per barrel
Crude oil prices turned around on Thursday, erasing most of the week’s earlier losses despite the latest EIA report that indicated crude oil inventories rose more than expected
Crude oil prices continued to decline on Wednesday, failing to gain any purchase from a significant drop in U.S. crude inventories and instead driven by the fears of another interest rate hike and a climbing dollar
Rosneft, a leading Russian oil producer, and Indian Oil Corp, a top Asian refiner, have agreed to move away from the Europe-dominated Brent benchmark and u..