Tag Archives: rate hike expectations

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as Covid-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand. Brent crude futures fell $1.35, or 1.5 per cent, to $91.48 a barrel by 0420 GMT after slipping …

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