Oil prices fall as central banks stoke global growth fears

by user

[ad_1]

Oil futures fell early Friday, continuing to feel pressure after major central banks indicated interest rates will continue to rise and remain elevated next year, stoking fears of a global economic slowdown.

Crude remains on track for solid weekly gains, with support tied to optimism that China’s loosening of COVID-19 curbs will spark a rebound in demand from one of the world’s largest energy consumers.

Price action
Market drivers

Oil…

[ad_2]

Source link

Related Posts

Leave a Review

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy