Tag Archives: possible rate hikes

Oil prices fell on Monday with the global fuel demand outlook overshadowed by Covid-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. Brent crude futures dropped $1.01, or 1.1 per cent, to $91.83 a barrel by 0630 GMT, after settling 4.1pc higher on Friday. US West Texas Intermediate crude was down $1.13 …

Read More »