Oil prices fall on worries of higher US interest rates
- 23-May-2024
Oil prices eased for a fourth straight day on Thursday on worries that US borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand. Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 […]
Oil prices fall on fear of high US interest rates depressing demand
- 21-May-2024
Oil prices fell in early Asia trade on Tuesday, with investors anticipating lingering US inflation and higher interest rates to depress consumer and industrial demand. Brent crude futures fell 44 cents, or 0.53%, to $83.27 a barrel by 0313 GMT. US West Texas Intermediate crude (WTI) slipped 51 cents, or 0.64%, to $79.29 a barrel. […]